Glenorchy Capital Ltd Makes New Investment in Arch Resources, Inc. (NYSE:ARCH)

Glenorchy Capital Ltd bought a new position in shares of Arch Resources, Inc. (NYSE:ARCH) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 12,032 shares of the energy company’s stock, valued at approximately $1,997,000. Arch Resources accounts for 0.8% of Glenorchy Capital Ltd’s holdings, making the stock its 22nd biggest holding. Glenorchy Capital Ltd owned approximately 0.07% of Arch Resources as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARCH. Covestor Ltd lifted its stake in shares of Arch Resources by 61.4% in the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after purchasing an additional 70 shares during the period. CVA Family Office LLC acquired a new position in shares of Arch Resources in the 4th quarter valued at about $38,000. JTC Employer Solutions Trustee Ltd acquired a new position in shares of Arch Resources in the 4th quarter valued at about $52,000. Acadian Asset Management LLC acquired a new position in shares of Arch Resources in the 3rd quarter valued at about $65,000. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of Arch Resources in the 3rd quarter valued at about $247,000. 88.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price target (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Citigroup reaffirmed a “neutral” rating and set a $170.00 price target (down from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Finally, B. Riley dropped their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $177.00.

Arch Resources Stock Down 2.8 %

ARCH traded down $4.55 during midday trading on Tuesday, reaching $156.84. 491,107 shares of the company were exchanged, compared to its average volume of 473,056. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 6.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. The company’s fifty day moving average price is $164.30 and its 200 day moving average price is $163.62. Arch Resources, Inc. has a one year low of $102.42 and a one year high of $187.60.

Arch Resources (NYSE:ARCH) last released its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.90 by ($0.83). The business had revenue of $774.00 million during the quarter, compared to the consensus estimate of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business’s revenue was down 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $23.18 earnings per share. As a group, analysts expect that Arch Resources, Inc. will post 14.84 EPS for the current year.

Arch Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.64%. Arch Resources’s payout ratio is 4.16%.

Insider Activity at Arch Resources

In related news, VP John A. Ziegler sold 148 shares of the company’s stock in a transaction that occurred 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 transaction, 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 SEC, which is available through the SEC website. In related news, VP John A. Ziegler sold 148 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela R. Butcher acquired 200 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the transaction, the director now directly owns 200 shares of the company’s stock, valued at approximately $33,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 104,335 shares of company stock worth $19,126,100. Insiders own 5.90% of the company’s stock.

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.