Public Sector Pension Investment Board Boosts Stock Position in Arch Resources, Inc. (NYSE:ARCH)

Public Sector Pension Investment Board boosted its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 5.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,880 shares of the energy company’s stock after acquiring an additional 2,230 shares during the quarter. Public Sector Pension Investment Board owned 0.22% of Arch Resources worth $6,071,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Arch Resources by 5.1% during the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after acquiring an additional 90 shares during the period. CWM LLC increased its holdings in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares during the period. Lindbrook Capital LLC increased its holdings in Arch Resources by 99.0% during the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares during the period. AlphaMark Advisors LLC raised its position in Arch Resources by 6.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock valued at $298,000 after purchasing an additional 121 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Arch Resources by 1.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after buying an additional 127 shares during the period. 88.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ARCH shares. 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. StockNews.com initiated coverage on shares of Arch Resources in a report on Tuesday. They issued a “hold” rating on the stock. Finally, B. Riley decreased their price objective 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Arch Resources currently has a consensus rating of “Hold” and a consensus price target of $175.75.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $133.28 on Thursday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 7.84 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. Arch Resources, Inc. has a 52 week low of $116.44 and a 52 week high of $187.60. The firm’s 50 day moving average is $131.83 and its two-hundred day moving average is $151.16.

Arch Resources (NYSE:ARCH) last posted its earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $608.75 million during the quarter, compared to analysts’ expectations of $562.23 million. During the same period last year, the business earned $4.04 earnings per share. The company’s quarterly revenue was down 19.6% on a year-over-year basis. Research analysts forecast that Arch Resources, Inc. will post 10.73 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, August 30th. Arch Resources’s payout ratio is currently 5.88%.

About Arch Resources

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.