Arch Resources (NYSE:ARCH) Coverage Initiated at StockNews.com

Analysts at StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the energy company’s stock.

A number of other research analysts also recently commented on the stock. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $175.75.

Arch Resources Stock Down 1.2 %

Arch Resources stock opened at $142.22 on Friday. The stock’s 50 day moving average price is $135.68 and its 200 day moving average price is $147.26. The company has a market cap of $2.57 billion, a PE ratio of 10.33 and a beta of 0.59. 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 has a 1-year low of $116.44 and a 1-year high of $187.60.

Insider Transactions at Arch Resources

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was 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 $4,215,120. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARCH. Nisa Investment Advisors LLC boosted its position in Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after acquiring an additional 90 shares during the period. CWM LLC lifted its holdings in 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 purchasing an additional 99 shares during the period. AlphaMark Advisors LLC grew its position in Arch Resources by 6.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock valued at $298,000 after buying an additional 121 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after buying an additional 127 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of Arch Resources by 6.5% during the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 88.14% 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.