Arch Resources, Inc. (NYSE:ARCH) Stake Trimmed by Walleye Capital LLC

Walleye Capital LLC cut its position in shares of Arch Resources, Inc. (NYSE:ARCHGet Rating) by 30.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,105 shares of the energy company’s stock after selling 903 shares during the quarter. Walleye Capital LLC’s holdings in Arch Resources were worth $301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D acquired a new stake in shares of Arch Resources during the first quarter valued at approximately $3,071,000. Harvest Investment Services LLC acquired a new stake in Arch Resources during the 1st quarter valued at $476,000. Victory Capital Management Inc. lifted its holdings in shares of Arch Resources by 79.7% in the first quarter. Victory Capital Management Inc. now owns 10,077 shares of the energy company’s stock valued at $1,677,000 after purchasing an additional 4,468 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Arch Resources by 2.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock worth $325,000 after buying an additional 67 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Arch Resources by 7.9% during the first quarter. Los Angeles Capital Management LLC now owns 10,526 shares of the energy company’s stock valued at $1,446,000 after buying an additional 767 shares in the last quarter. 95.31% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Stock Up 0.7 %

ARCH opened at $151.82 on Friday. The company has a market capitalization of $2.75 billion, a PE ratio of 2.88 and a beta of 0.69. The business has a 50-day moving average of $138.73 and a 200-day moving average of $147.41. Arch Resources, Inc. has a fifty-two week low of $73.54 and a fifty-two week high of $183.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.49 and a quick ratio of 1.95.

Arch Resources (NYSE:ARCHGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The energy company reported $8.68 earnings per share for the quarter, missing the consensus estimate of $9.14 by ($0.46). The business had revenue of $863.80 million for the quarter, compared to the consensus estimate of $746.73 million. Arch Resources had a net margin of 29.61% and a return on equity of 111.61%. Arch Resources’s revenue was up 45.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.92 EPS. Equities research analysts forecast that Arch Resources, Inc. will post 51.45 EPS for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a $10.75 dividend. This represents a yield of 7.7%. The ex-dividend date is Tuesday, November 29th. Arch Resources’s dividend payout ratio is presently 1.89%.

Analyst Upgrades and Downgrades

ARCH has been the subject of several research analyst reports. B. Riley increased their price objective on Arch Resources from $214.00 to $221.00 in a research note on Friday, October 28th. BMO Capital Markets raised their price target on shares of Arch Resources from $150.00 to $185.00 in a report on Friday, October 28th. Finally, StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Monday, October 31st.

Insiders Place Their Bets

In other Arch Resources news, CFO Matthew C. Giljum sold 253 shares of the business’s stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $136.00, for a total value of $34,408.00. Following the completion of the sale, the chief financial officer now owns 11,069 shares of the company’s stock, valued at $1,505,384. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Matthew C. Giljum sold 253 shares of Arch Resources stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $136.00, for a total value of $34,408.00. Following the transaction, the chief financial officer now owns 11,069 shares of the company’s stock, valued at $1,505,384. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP John A. Ziegler sold 190 shares of the business’s stock in a transaction on Thursday, October 13th. The stock was sold at an average price of $136.00, for a total transaction of $25,840.00. Following the completion of the sale, the vice president now owns 15,086 shares of the company’s stock, valued at $2,051,696. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.

Arch Resources Company Profile

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Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coal land in Pennsylvania; and 19,018 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Institutional Ownership by Quarter for Arch Resources (NYSE:ARCH)

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