Arch Resources, Inc. (NYSE:ARCH) Shares Bought by Creative Planning

Creative Planning boosted its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 94.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,287 shares of the energy company’s stock after purchasing an additional 2,575 shares during the period. Creative Planning’s holdings in Arch Resources were worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of ARCH. Janney Montgomery Scott LLC lifted its holdings in shares of Arch Resources by 94.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock worth $2,249,000 after acquiring an additional 6,778 shares during the last quarter. Natixis acquired a new stake in shares of Arch Resources in the first quarter valued at about $2,892,000. Comerica Bank raised its position in Arch Resources by 29.6% during the first quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock worth $3,626,000 after acquiring an additional 5,153 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Arch Resources during the second quarter worth about $8,700,000. Finally, Virtu Financial LLC purchased a new stake in Arch Resources in the first quarter valued at approximately $604,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Price Performance

Shares of ARCH opened at $144.00 on Monday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $135.30 and a 200-day moving average of $147.41. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The stock has a market capitalization of $2.60 billion, a P/E ratio of 10.46 and a beta of 0.59.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ARCH. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. StockNews.com started coverage on shares of Arch Resources in a research note on Sunday. They set a “hold” rating for the company. Finally, Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Arch Resources has a consensus rating of “Hold” and an average target price of $175.75.

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.40% of the stock is owned by insiders.

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.