Empowered Funds LLC Buys 7,364 Shares of Arch Resources, Inc. (NYSE:ARCH)

Empowered Funds LLC increased its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 12.1% in the third quarter, Holdings Channel.com reports. The firm owned 68,024 shares of the energy company’s stock after buying an additional 7,364 shares during the quarter. Empowered Funds LLC’s holdings in Arch Resources were worth $9,398,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in shares of Arch Resources by 5.1% during the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after buying an additional 90 shares in the last quarter. CWM LLC boosted its stake in shares of Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. AlphaMark Advisors LLC grew its holdings in shares of Arch Resources by 6.6% during the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after purchasing an additional 121 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Arch Resources by 1.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after purchasing an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Arch Resources by 6.5% in the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after buying an additional 137 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

Insiders Place Their Bets

In other 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 owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. StockNews.com initiated coverage on shares of Arch Resources in a research report on Monday, November 11th. They issued a “hold” rating for the company. B. Riley decreased their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Finally, Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and increased their price target for the company from $155.00 to $165.00 in a research note on Wednesday. Four 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, Arch Resources presently has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Stock Up 0.5 %

Shares of NYSE ARCH opened at $163.96 on Friday. The company has a market capitalization of $2.97 billion, a PE ratio of 17.22 and a beta of 0.59. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The firm has a fifty day simple moving average of $141.93 and a 200 day simple moving average of $147.62.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same period last year, the business posted $3.91 earnings per share. The business’s revenue was down 17.0% on a year-over-year basis. As a group, equities analysts expect that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

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.