American Resources Co. (NASDAQ:AREC) Stake Raised by Jane Street Group LLC

Jane Street Group LLC grew its holdings in shares of American Resources Co. (NASDAQ:AREC) by 84.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,809 shares of the company’s stock after buying an additional 20,070 shares during the period. Jane Street Group LLC owned 0.06% of American Resources worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Virtu Financial LLC bought a new stake in shares of American Resources during the fourth quarter valued at approximately $28,000. 9.32% of the stock is currently owned by institutional investors and hedge funds.

American Resources Trading Up 25.0%

AREC opened at $0.82 on Tuesday. The business’s 50 day moving average is $0.79 and its 200-day moving average is $0.78. The stock has a market cap of $67.38 million, a PE ratio of -2.10 and a beta of 0.84. American Resources Co. has a twelve month low of $0.38 and a twelve month high of $1.68.

American Resources (NASDAQ:AREC) last released its quarterly earnings results on Monday, May 19th. The company reported ($0.24) earnings per share for the quarter. The firm had revenue of $0.05 million during the quarter. As a group, analysts forecast that American Resources Co. will post -0.38 EPS for the current year.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.