Arch Resources, Inc. (NYSE:ARCH) Shares Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. lifted its holdings in Arch Resources, Inc. (NYSE:ARCH) by 55.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,795 shares of the energy company’s stock after purchasing an additional 3,510 shares during the period. Maverick Capital Ltd. owned approximately 0.05% of Arch Resources worth $1,353,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its stake in Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after purchasing an additional 90 shares in the last quarter. CWM LLC boosted its stake in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the period. AlphaMark Advisors LLC grew its position in shares of Arch Resources by 6.6% during the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after buying an additional 121 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of Arch Resources by 1.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after buying an additional 127 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Arch Resources by 6.5% during the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after buying an additional 137 shares during the period. 88.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.40% of the company’s stock.

Wall Street Analyst Weigh In

ARCH has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. StockNews.com started coverage on Arch Resources in a report on Wednesday. They issued a “hold” rating on the stock. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and raised their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, B. Riley lowered their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $173.60.

Arch Resources Stock Down 0.8 %

Shares of NYSE ARCH opened at $171.92 on Friday. The business has a 50-day moving average price of $151.19 and a 200 day moving average price of $148.39. The stock has a market cap of $3.11 billion, a PE ratio of 18.06 and a beta of 0.59. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same quarter in the prior year, the company earned $3.91 EPS. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. Sell-side analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Arch Resources 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.