River Road Asset Management LLC Increases Stake in Arch Resources, Inc. (NYSE:ARCH)

River Road Asset Management LLC boosted its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 26.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,341 shares of the energy company’s stock after acquiring an additional 6,593 shares during the quarter. River Road Asset Management LLC’s holdings in Arch Resources were worth $5,201,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Covestor Ltd increased its position in shares of Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after buying an additional 70 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Arch Resources in the fourth quarter valued at approximately $29,000. Point72 Hong Kong Ltd purchased a new stake in shares of Arch Resources in the second quarter valued at approximately $32,000. CVA Family Office LLC purchased a new stake in shares of Arch Resources in the fourth quarter valued at approximately $38,000. Finally, Captrust Financial Advisors increased its position in shares of Arch Resources by 113.8% in the second quarter. Captrust Financial Advisors now owns 295 shares of the energy company’s stock valued at $42,000 after buying an additional 157 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total transaction of $794,058.40. Following the transaction, the vice president now owns 2,192 shares of the company’s stock, valued at $391,052.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Arch Resources news, VP John A. Ziegler sold 148 shares of Arch Resources stock in a transaction on Friday, February 9th. The stock was sold at an average price of $172.33, for a total value of $25,504.84. Following the sale, the vice president now owns 23,232 shares in the company, valued at $4,003,570.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul T. Demzik sold 4,451 shares of Arch Resources stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the sale, the vice president now owns 2,192 shares in the company, valued at approximately $391,052.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,043 shares of company stock valued at $19,442,080. Insiders own 5.40% of the company’s stock.

Arch Resources Stock Performance

Shares of NYSE:ARCH opened at $164.31 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. The business’s 50 day moving average price is $165.05 and its 200-day moving average price is $163.32. The firm has a market capitalization of $3.00 billion, a PE ratio of 6.83 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.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $704.53 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The business’s revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $23.18 earnings per share. As a group, equities research analysts expect that Arch Resources, Inc. will post 16.73 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ARCH shares. B. Riley cut their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday. Citigroup restated a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a research report on Thursday. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $177.00.

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.