Natixis Purchases New Position in Arch Resources, Inc. (NYSE:ARCH)

Natixis purchased a new stake in shares of Arch Resources, Inc. (NYSE:ARCH) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,984 shares of the energy company’s stock, valued at approximately $2,892,000. Natixis owned approximately 0.10% of Arch Resources at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stratos Wealth Advisors LLC increased its position in shares of Arch Resources by 1.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock valued at $929,000 after buying an additional 63 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of Arch Resources by 99.0% during the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Unison Advisors LLC increased its position in shares of Arch Resources by 2.5% during the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after purchasing an additional 119 shares in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Arch Resources by 188.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after purchasing an additional 132 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in shares of Arch Resources by 1,900.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after purchasing an additional 190 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ARCH has been the subject of several research reports. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, April 22nd. B. Riley dropped their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Citigroup reiterated a “neutral” rating and set a $170.00 price target (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $165.00 price target (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $177.00.

Arch Resources Trading Down 0.6 %

NYSE ARCH traded down $0.85 on Friday, reaching $140.19. 4,030 shares of the company were exchanged, compared to its average volume of 397,755. Arch Resources, Inc. has a fifty-two week low of $111.52 and a fifty-two week high of $187.60. The business’s fifty day moving average price is $160.80 and its 200 day moving average price is $164.47. The stock has a market capitalization of $2.54 billion, a P/E ratio of 8.30 and a beta of 0.63. The company has a current ratio of 2.64, a quick ratio of 1.89 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The business had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same period last year, the company earned $4.04 EPS. The business’s revenue for the quarter was down 19.6% on a year-over-year basis. Analysts forecast that Arch Resources, Inc. will post 13.27 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Arch Resources Company 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.