CVA Family Office LLC Buys Shares of 230 Arch Resources, Inc. (NYSE:ARCH)

CVA Family Office LLC purchased a new position in shares of Arch Resources, Inc. (NYSE:ARCHFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 230 shares of the energy company’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. grew its holdings in Arch Resources by 2.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock valued at $325,000 after purchasing an additional 67 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Arch Resources by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company’s stock worth $10,823,000 after buying an additional 4,910 shares in the last quarter. MetLife Investment Management LLC grew its stake in Arch Resources by 58.0% in the 1st quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company’s stock valued at $1,125,000 after acquiring an additional 3,007 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Arch Resources by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company’s stock valued at $71,366,000 after acquiring an additional 14,434 shares in the last quarter. Finally, Ergoteles LLC acquired a new position in Arch Resources during the first quarter worth about $619,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Insider Buying and Selling at Arch Resources

In other news, VP Paul T. Demzik sold 1,568 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $175.17, for a total value of $274,666.56. Following the transaction, the vice president now owns 6,643 shares of the company’s stock, valued at approximately $1,163,654.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Paul T. Demzik sold 4,451 shares of Arch Resources stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the sale, the vice president now owns 2,192 shares in the company, valued at $391,052.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul T. Demzik sold 1,568 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $175.17, for a total transaction of $274,666.56. Following the transaction, the vice president now directly owns 6,643 shares in the company, valued at $1,163,654.31. The disclosure for this sale can be found here. Insiders have sold a total of 107,611 shares of company stock valued at $19,716,747 over the last ninety days. Corporate insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARCH. BMO Capital Markets reissued an “outperform” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Wednesday. B. Riley dropped their price target on Arch Resources from $232.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Finally, StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th.

Check Out Our Latest Stock Analysis on ARCH

Arch Resources Stock Down 1.0 %

Shares of ARCH opened at $160.68 on Friday. The firm has a market cap of $2.95 billion, a PE ratio of 6.68 and a beta of 0.68. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average is $170.78 and its two-hundred day moving average is $163.39. Arch Resources, Inc. has a fifty-two week low of $102.42 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCHGet Free Report) last issued its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. Arch Resources’s revenue was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $23.18 EPS. Analysts forecast that Arch Resources, Inc. will post 19.78 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.25 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.62%. Arch Resources’s payout ratio is 4.16%.

Arch Resources Company Profile

(Free Report)

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.

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

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