Chicago Partners Investment Group LLC Has $2.18 Million Position in Arch Resources, Inc. (NYSE:ARCH)

Chicago Partners Investment Group LLC cut its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,549 shares of the energy company’s stock after selling 1,103 shares during the period. Chicago Partners Investment Group LLC owned 0.09% of Arch Resources worth $2,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after buying an additional 286,359 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after acquiring an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after acquiring an additional 58,821 shares during the last quarter. Maple Rock Capital Partners Inc. raised its stake in Arch Resources by 3.0% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after acquiring an additional 15,000 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Arch Resources by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after purchasing an additional 59,072 shares during the last quarter. 88.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ARCH has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. B. Riley lowered their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, StockNews.com assumed coverage on shares of Arch Resources in a research report on Sunday. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $175.75.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Arch Resources Trading Down 1.9 %

Shares of Arch Resources stock opened at $144.00 on Friday. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The stock has a market cap of $2.60 billion, a PE ratio of 10.46 and a beta of 0.60. The firm has a 50-day moving average of $135.30 and a 200-day moving average of $147.52. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54.

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.