Significant Wealth Partners LLC Invests $355,000 in Arch Resources, Inc. (NYSE:ARCH)

Significant Wealth Partners LLC purchased a new position in shares of Arch Resources, Inc. (NYSE:ARCH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,138 shares of the energy company’s stock, valued at approximately $355,000.

Several other institutional investors have also modified their holdings of ARCH. Advisors Asset Management Inc. grew its position in Arch Resources by 35.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 62,030 shares of the energy company’s stock valued at $10,586,000 after buying an additional 16,185 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Arch Resources in the 3rd quarter valued at about $2,560,000. Boston Partners bought a new position in Arch Resources in the 3rd quarter valued at about $1,138,000. Aigen Investment Management LP grew its position in Arch Resources by 139.3% in the 3rd quarter. Aigen Investment Management LP now owns 8,518 shares of the energy company’s stock valued at $1,454,000 after buying an additional 4,958 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. grew its position in Arch Resources by 11.3% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 438,939 shares of the energy company’s stock valued at $74,909,000 after buying an additional 44,700 shares in the last quarter. Institutional investors own 88.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday. Citigroup restated a “neutral” rating and set a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. B. Riley reduced their price objective on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday, April 15th. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets restated a “market perform” rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Arch Resources has an average rating of “Hold” and an average price target of $177.00.

Arch Resources Price Performance

ARCH stock opened at $161.34 on Tuesday. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a one year low of $102.42 and a one year high of $187.60. The firm has a market capitalization of $2.94 billion, a PE ratio of 6.71 and a beta of 0.68. The firm has a 50-day moving average of $164.57 and a two-hundred day moving average of $163.61.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. During the same period in the prior year, the company posted $23.18 earnings per share. Arch Resources’s quarterly revenue was down 9.9% compared to the same quarter last year. On average, analysts forecast that Arch Resources, Inc. will post 14.84 earnings per share for the current year.

Arch Resources Dividend Announcement

The company 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 0.62%. The ex-dividend date was Wednesday, February 28th. Arch Resources’s dividend payout ratio is presently 4.16%.

Insider Buying and Selling at Arch Resources

In other news, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $185.03, for a total value of $13,497,198.38. Following the completion of the sale, the chairman now directly owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP John A. Ziegler sold 15,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $184.15, for a total value of $2,762,250.00. Following the completion of the sale, the vice president now directly owns 18,618 shares of the company’s stock, valued at $3,428,504.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the sale, the chairman now directly owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,335 shares of company stock valued at $19,126,100. 5.90% of the stock is currently owned by corporate insiders.

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.