Accurate Wealth Management LLC Buys 277 Shares of Arch Resources, Inc. (NYSE:ARCH)

Accurate Wealth Management LLC raised its holdings in Arch Resources, Inc. (NYSE:ARCH) by 3.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,277 shares of the energy company’s stock after purchasing an additional 277 shares during the period. Accurate Wealth Management LLC’s holdings in Arch Resources were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the period. Blue Trust Inc. increased its holdings in Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after buying an additional 330 shares during the period. Innealta Capital LLC bought a new stake in Arch Resources in the 2nd quarter valued at $55,000. Headlands Technologies LLC bought a new stake in Arch Resources in the 1st quarter valued at $69,000. Finally, Virtus Investment Advisers Inc. bought a new stake in Arch Resources in the 1st quarter valued at $149,000. Institutional investors own 88.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ARCH shares. Benchmark reissued a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a 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 report on Friday. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $175.75.

Arch Resources Stock Down 0.4 %

ARCH opened at $141.84 on Friday. The firm’s 50-day simple moving average is $131.65 and its 200-day simple moving average is $148.52. 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, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 8.34 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). The company had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The firm’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter last year, the company earned $4.04 EPS. Equities research analysts anticipate that Arch Resources, Inc. will post 8.62 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. Arch Resources’s payout ratio is presently 5.88%.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’s stock in a transaction dated 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 directly owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Arch Resources 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.