Mork Capital Management LLC Boosts Stake in Arch Resources, Inc. (NYSE:ARCH)

Mork Capital Management LLC boosted its position in Arch Resources, Inc. (NYSE:ARCH) by 50.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,000 shares of the energy company’s stock after purchasing an additional 5,000 shares during the quarter. Arch Resources accounts for about 1.5% of Mork Capital Management LLC’s holdings, making the stock its 10th largest holding. Mork Capital Management LLC’s holdings in Arch Resources were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares in the last quarter. FMR LLC lifted its holdings in shares of Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after acquiring an additional 404,249 shares during the last quarter. American Century Companies Inc. grew its position in Arch Resources by 14.1% in the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after acquiring an additional 59,072 shares in the last quarter. Finally, Holocene Advisors LP increased its stake in Arch Resources by 422.4% in the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after acquiring an additional 202,425 shares during the last quarter. 88.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ARCH has been the subject of several research analyst reports. Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Finally, StockNews.com assumed coverage on shares of Arch Resources in a report on Wednesday, November 27th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $168.42 on Wednesday. The stock has a market capitalization of $3.05 billion, a P/E ratio of 17.69 and a beta of 0.64. Arch Resources, Inc. has a one year low of $116.44 and a one year high of $187.60. The business’s 50 day simple moving average is $152.67 and its two-hundred day simple moving average is $148.44.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The firm had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.91 earnings per share. Sell-side analysts expect that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Arch Resources’s dividend payout ratio is presently 10.50%.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.90% of the company’s stock.

About Arch Resources

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.