Exchange Traded Concepts LLC Purchases 3,999 Shares of Arch Resources, Inc. (NYSE:ARCH)

Exchange Traded Concepts LLC lifted its holdings in Arch Resources, Inc. (NYSE:ARCH) by 103.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,869 shares of the energy company’s stock after purchasing an additional 3,999 shares during the period. Exchange Traded Concepts LLC’s holdings in Arch Resources were worth $1,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its holdings in Arch Resources by 94.0% during the first quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock valued at $2,249,000 after buying an additional 6,778 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Arch Resources by 9.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after purchasing an additional 16,273 shares in the last quarter. Natixis bought a new position in Arch Resources in the 1st quarter worth $2,892,000. Denali Advisors LLC purchased a new position in Arch Resources during the first quarter valued at $2,428,000. Finally, Vanguard Group Inc. grew its holdings in Arch Resources by 11.9% during the fourth quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock valued at $342,037,000 after purchasing an additional 219,094 shares during the period. Institutional investors own 88.14% of the company’s stock.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $145.21 on Thursday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 8.54 and a beta of 0.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $131.22 and its 200-day simple moving average is $148.69. Arch Resources, Inc. has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). The business had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.04 earnings per share. As a group, analysts expect that Arch Resources, Inc. will post 8.62 earnings per share 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 $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.69%. Arch Resources’s dividend payout ratio is currently 5.88%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ARCH shares. StockNews.com started coverage on Arch Resources in a research note on Thursday, October 10th. They issued a “hold” rating on the stock. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. Finally, B. Riley dropped their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arch Resources has a consensus rating of “Hold” and a consensus price target of $175.75.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.40% of the company’s stock.

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.