First Eagle Investment Management LLC Invests $11.81 Million in Arch Resources, Inc. (NYSE:ARCH)

First Eagle Investment Management LLC purchased a new stake in Arch Resources, Inc. (NYSE:ARCH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 77,600 shares of the energy company’s stock, valued at approximately $11,813,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ARCH. CWM LLC boosted its position in shares of Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares during the period. Lindbrook Capital LLC lifted its stake in Arch Resources by 99.0% in the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after acquiring an additional 190 shares during the period. Blue Trust Inc. grew its stake in Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after acquiring an additional 330 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Arch Resources in the 2nd quarter valued at about $55,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Trading Up 4.5 %

Shares of NYSE:ARCH opened at $130.26 on Friday. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The firm has a fifty day moving average price of $134.23 and a 200 day moving average price of $152.80. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2.36 billion, a PE ratio of 7.66 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company had revenue of $608.75 million for the quarter, compared to the consensus estimate of $562.23 million. During the same quarter last year, the company posted $4.04 EPS. The business’s revenue was down 19.6% compared to the same quarter last year. Analysts expect that Arch Resources, Inc. will post 10.73 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.77%. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. StockNews.com assumed coverage on Arch Resources in a research note on Monday. They issued a “hold” rating on the stock. Finally, B. Riley cut their price target 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $175.75.

Arch Resources Profile

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.