AlphaMark Advisors LLC Acquires 236 Shares of Arch Resources, Inc. (NYSE:ARCH)

AlphaMark Advisors LLC lifted its holdings in Arch Resources, Inc. (NYSE:ARCH) by 14.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,835 shares of the energy company’s stock after purchasing an additional 236 shares during the quarter. AlphaMark Advisors LLC’s holdings in Arch Resources were worth $295,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in Arch Resources during the 3rd quarter worth about $65,000. AQR Capital Management LLC raised its holdings in Arch Resources by 4.5% during the 3rd quarter. AQR Capital Management LLC now owns 66,190 shares of the energy company’s stock worth $11,296,000 after purchasing an additional 2,872 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Arch Resources by 35.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 62,030 shares of the energy company’s stock valued at $10,586,000 after acquiring an additional 16,185 shares during the last quarter. KGH Ltd bought a new stake in shares of Arch Resources in the 3rd quarter valued at about $18,431,000. Finally, Seven Eight Capital LP bought a new stake in shares of Arch Resources in the 3rd quarter valued at about $466,000. 88.14% of the stock is owned by institutional investors.

Arch Resources Price Performance

Shares of ARCH opened at $168.57 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.89 and a current ratio of 2.64. The stock has a 50 day simple moving average of $161.60 and a 200 day simple moving average of $165.55. Arch Resources, Inc. has a 52-week low of $108.25 and a 52-week high of $187.60. The firm has a market capitalization of $3.05 billion, a PE ratio of 9.92 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The firm had revenue of $680.19 million during the quarter, compared to the consensus estimate of $596.52 million. During the same quarter in the prior year, the firm posted $10.02 EPS. The business’s revenue was down 21.8% on a year-over-year basis. Sell-side analysts predict that Arch Resources, Inc. will post 12.82 EPS for the current fiscal year.

Arch Resources Cuts Dividend

The company also recently declared a None dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $1.11 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 31st. Arch Resources’s dividend payout ratio (DPR) is currently 5.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. B. Riley lowered their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Citigroup reiterated a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Finally, Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, April 22nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $177.00.

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.