Jade Capital Advisors LLC Acquires Shares of 5,000 Arch Resources, Inc. (NYSE:ARCH)

Jade Capital Advisors LLC bought a new position in Arch Resources, Inc. (NYSE:ARCH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,000 shares of the energy company’s stock, valued at approximately $691,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Arch Resources by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock worth $342,037,000 after purchasing an additional 219,094 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Arch Resources during the 4th quarter valued at about $352,000. AlphaMark Advisors LLC raised its position in shares of Arch Resources by 14.8% during the 1st quarter. AlphaMark Advisors LLC now owns 1,835 shares of the energy company’s stock worth $295,000 after purchasing an additional 236 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Arch Resources by 137.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 29,820 shares of the energy company’s stock valued at $4,795,000 after buying an additional 17,270 shares during the last quarter. Finally, Denali Advisors LLC bought a new stake in Arch Resources in the 1st quarter valued at about $2,428,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com assumed coverage on Arch Resources in a research report on Friday. They set a “hold” rating for the company. B. Riley reduced their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Finally, Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $175.75.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $142.50 on Tuesday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 8.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The stock’s 50 day moving average price is $131.92 and its 200 day moving average price is $148.32.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The firm had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. During the same period in the prior year, the firm posted $4.04 EPS. The firm’s quarterly revenue was down 19.6% on a year-over-year basis. Equities research analysts anticipate that Arch Resources, Inc. will post 8.62 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, August 30th. Arch Resources’s payout ratio is 5.88%.

Insider Activity

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.40% 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.