K.J. Harrison & Partners Inc Makes New $1.49 Million Investment in Arch Resources, Inc. (NYSE:ARCH)

K.J. Harrison & Partners Inc purchased a new position in Arch Resources, Inc. (NYSE:ARCH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,000 shares of the energy company’s stock, valued at approximately $1,493,000.

Other institutional investors have also added to or reduced their stakes in the company. PM CAPITAL Ltd acquired a new stake in shares of Arch Resources during the third quarter worth about $17,764,000. Accurate Wealth Management LLC lifted its holdings in shares of Arch Resources by 29.2% during the third quarter. Accurate Wealth Management LLC now owns 10,063 shares of the energy company’s stock worth $1,596,000 after purchasing an additional 2,276 shares during the period. Raymond James & Associates lifted its holdings in shares of Arch Resources by 16.9% during the third quarter. Raymond James & Associates now owns 2,442 shares of the energy company’s stock worth $417,000 after purchasing an additional 353 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Arch Resources by 87.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,182 shares of the energy company’s stock worth $1,226,000 after purchasing an additional 3,344 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Arch Resources during the third quarter worth about $576,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Insider Buying and Selling

In related news, Director James N. Chapman sold 2,005 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the sale, the director now directly owns 1,219 shares in the company, valued at $224,393.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James N. Chapman sold 2,005 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the sale, the director now directly owns 1,219 shares in the company, valued at $224,393.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul T. Demzik sold 4,451 shares of the company’s 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 of the company’s stock, valued at $391,052.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,335 shares of company stock worth $19,126,100. 5.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Arch Resources Price Performance

Shares of Arch Resources stock traded down $1.01 on Friday, reaching $164.42. The company’s stock had a trading volume of 368,800 shares, compared to its average volume of 471,477. The company has a market capitalization of $3.00 billion, a P/E ratio of 6.84 and a beta of 0.68. Arch Resources, Inc. has a 52-week low of $102.42 and a 52-week high of $187.60. The stock has a 50-day moving average price of $164.08 and a 200-day moving average price of $163.64. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, April 25th. The energy company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. The business had revenue of $680.19 million during the quarter, compared to analysts’ expectations of $596.52 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The business’s revenue was down 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $10.02 earnings per share. Analysts expect that Arch Resources, Inc. will post 14.84 EPS for the current year.

Arch Resources Cuts Dividend

The company also recently declared a None dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $1.11 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, May 31st. Arch Resources’s payout ratio is 4.16%.

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.