Trexquant Investment LP Purchases New Holdings in Arch Resources, Inc. (NYSE:ARCH)

Trexquant Investment LP bought a new position in shares of Arch Resources, Inc. (NYSE:ARCH) during the 4th quarter, HoldingsChannel reports. The fund bought 18,963 shares of the energy company’s stock, valued at approximately $3,147,000.

A number of other large investors have also recently added to or reduced their stakes in ARCH. Covestor Ltd lifted its holdings in 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 acquiring an additional 70 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after purchasing an additional 132 shares during the period. CVA Family Office LLC purchased a new stake in shares of Arch Resources during the fourth quarter worth $38,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Arch Resources during the fourth quarter worth $52,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Arch Resources during the third quarter worth $65,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ARCH shares. B. Riley lowered their target price on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Monday, April 22nd. Citigroup restated a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Finally, StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $177.00.

Insider Buying and Selling

In related news, VP John A. Ziegler sold 3,299 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $169.42, for a total transaction of $558,916.58. Following the sale, the vice president now owns 33,618 shares in the company, valued at $5,695,561.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Pamela R. Butcher purchased 200 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of $165.00 per share, with a total value of $33,000.00. Following the purchase, the director now directly owns 200 shares of the company’s stock, valued at approximately $33,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John A. Ziegler sold 3,299 shares of Arch Resources stock in a transaction on Monday, February 26th. The stock was sold at an average price of $169.42, for a total transaction of $558,916.58. Following the sale, the vice president now directly owns 33,618 shares in the company, valued at approximately $5,695,561.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,152 shares of company stock worth $18,207,158. 5.40% of the stock is owned by insiders.

Arch Resources Price Performance

Arch Resources stock traded up $2.17 during mid-day trading on Friday, reaching $170.60. The company had a trading volume of 206,781 shares, compared to its average volume of 277,059. Arch Resources, Inc. has a 1 year low of $102.42 and a 1 year high of $187.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.89. The company has a market capitalization of $3.09 billion, a P/E ratio of 10.04 and a beta of 0.68. The stock’s 50-day simple moving average is $161.03 and its 200-day simple moving average is $164.97.

Arch Resources (NYSE:ARCH) last issued its earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The company had revenue of $680.19 million during the quarter, compared to analysts’ expectations of $596.52 million. During the same period last year, the company posted $10.02 earnings per share. The firm’s quarterly revenue was down 21.8% compared to the same quarter last year. On average, equities analysts predict that Arch Resources, Inc. will post 12.82 EPS for the current year.

Arch Resources Cuts Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $1.11 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s dividend payout ratio (DPR) is 5.88%.

About Arch Resources

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.