Denali Advisors LLC Invests $2.43 Million in Arch Resources, Inc. (NYSE:ARCH)

Denali Advisors LLC purchased a new position in shares of Arch Resources, Inc. (NYSE:ARCH) during the first quarter, Holdings Channel reports. The institutional investor purchased 15,100 shares of the energy company’s stock, valued at approximately $2,428,000.

Several other large investors have also modified their holdings of the business. Newbridge Financial Services Group Inc. lifted its position in shares of Arch Resources by 1,900.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after buying an additional 190 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after purchasing an additional 132 shares during the last quarter. CVA Family Office LLC acquired a new position 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 4th quarter valued at $52,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Arch Resources in the 4th quarter worth $53,000. Institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Performance

NYSE ARCH traded down $0.76 on Wednesday, reaching $166.84. 282,770 shares of the company’s stock traded hands, compared to its average volume of 408,758. Arch Resources, Inc. has a fifty-two week low of $108.25 and a fifty-two week high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.89 and a current ratio of 2.64. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 9.81 and a beta of 0.64. The stock has a 50 day moving average price of $161.81 and a 200-day moving average price of $165.62.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Monday, April 29th. The energy company reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate 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 22.32% and a net margin of 10.89%. The company’s revenue for the quarter was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.02 EPS. Equities research analysts predict that Arch Resources, Inc. will post 12.82 EPS for the current fiscal year.

Arch Resources Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ARCH. Benchmark reissued a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday, April 22nd. BMO Capital Markets reissued a “market perform” rating and set a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Citigroup reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. B. Riley dropped their price objective on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a report on Monday, April 15th. Finally, StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $177.00.

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.