Arch Resources, Inc. (NYSE:ARCH) Shares Purchased by Creative Planning

Creative Planning increased its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 59.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,712 shares of the energy company’s stock after acquiring an additional 1,015 shares during the period. Creative Planning’s holdings in Arch Resources were worth $413,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in Arch Resources by 5.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after purchasing an additional 90 shares in the last quarter. CWM LLC raised its position in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the period. AlphaMark Advisors LLC raised its position in shares of Arch Resources by 6.6% during 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 during the period. Linden Thomas Advisory Services LLC raised its position in shares of 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 valued at $343,000 after buying an additional 137 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’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 sale, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

ARCH has been the topic of several analyst reports. B. Riley reduced 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 report on Friday, September 6th. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Finally, StockNews.com initiated coverage on shares of Arch Resources in a report on Thursday, October 10th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arch Resources presently has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $145.21 on Thursday. The company has a 50-day simple moving average of $131.22 and a 200-day simple moving average of $148.69. Arch Resources, Inc. has a one year low of $116.44 and a one year high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 8.54 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (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 for the quarter, compared to analyst estimates of $562.23 million. During the same quarter last year, the firm earned $4.04 earnings per share. The company’s revenue was down 19.6% compared to the same quarter last year. On average, analysts predict that Arch Resources, Inc. will post 8.62 EPS for the current year.

Arch Resources Dividend Announcement

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 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

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.