Arch Resources, Inc. (NYSE:ARCH) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 447.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,550 shares of the energy company’s stock after buying an additional 10,258 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Arch Resources were worth $2,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Covestor Ltd increased its stake in Arch Resources by 61.4% during the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after buying an additional 70 shares during the period. Resurgent Financial Advisors LLC purchased a new stake in Arch Resources during the 4th quarter worth $29,000. Point72 Hong Kong Ltd purchased a new stake in Arch Resources during the 2nd quarter worth $32,000. CVA Family Office LLC purchased a new stake in Arch Resources during the 4th quarter worth $38,000. Finally, Captrust Financial Advisors increased its stake in Arch Resources by 113.8% during the 2nd quarter. Captrust Financial Advisors now owns 295 shares of the energy company’s stock worth $42,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Price Performance

ARCH opened at $163.18 on Monday. The company has a 50-day moving average of $164.77 and a 200-day moving average of $163.54. The company has a market capitalization of $2.98 billion, a P/E ratio of 6.79 and a beta of 0.68. Arch Resources, Inc. has a 1-year low of $102.42 and a 1-year high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data 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). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. During the same period in the prior year, the company earned $23.18 EPS. Arch Resources’s quarterly revenue was down 9.9% on a year-over-year basis. Equities analysts expect that Arch Resources, Inc. will post 14.84 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Wednesday, February 28th. Arch Resources’s dividend payout ratio is presently 4.16%.

Analysts Set New Price Targets

Several research firms recently issued reports on ARCH. B. Riley dropped their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Finally, Citigroup reissued a “neutral” rating and issued a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.00.

Insider Activity at Arch Resources

In related news, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $172.33, for a total transaction of $25,504.84. Following the completion of the sale, the vice president now owns 23,232 shares of the company’s stock, valued at approximately $4,003,570.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Arch Resources news, Chairman John W. Eaves sold 72,946 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the transaction, the chairman now directly owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $172.33, for a total transaction of $25,504.84. Following the transaction, the vice president now directly owns 23,232 shares of the company’s stock, valued at $4,003,570.56. The disclosure for this sale can be found here. Insiders sold a total of 104,335 shares of company stock valued at $19,126,100 in the last quarter. Insiders own 5.40% of the company’s stock.

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.