Short Interest in Arch Resources, Inc. (NYSE:ARCH) Rises By 98.1%

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 2,060,000 shares, an increase of 98.1% from the March 15th total of 1,040,000 shares. Based on an average trading volume of 500,600 shares, the short-interest ratio is currently 4.1 days.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ARCH. BMO Capital Markets reiterated 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. Citigroup lifted their price objective on shares of Arch Resources from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday. StockNews.com lowered shares of Arch Resources from a "buy" rating to a "hold" rating in a research report on Thursday, March 7th. Finally, B. Riley reduced their price target on shares of Arch Resources from $232.00 to $223.00 and set a "buy" rating on the stock in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Arch Resources currently has an average rating of "Moderate Buy" and an average target price of $188.25.

Arch Resources Price Performance

Shares of ARCH stock traded up $1.34 during trading hours on Thursday, reaching $158.41. The company had a trading volume of 347,971 shares, compared to its average volume of 488,892. Arch Resources has a 12-month low of $102.42 and a 12-month high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 6.59 and a beta of 0.68. The stock has a fifty day moving average of $165.72 and a 200-day moving average of $163.51.

Arch Resources (NYSE:ARCH - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). The business had revenue of $774.00 million during the quarter, compared to analysts' expectations of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $23.18 EPS. On average, equities analysts anticipate that Arch Resources will post 19.22 earnings per share for the current year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Wednesday, February 28th. Arch Resources's payout ratio is currently 4.16%.

Insiders Place Their Bets

In other Arch Resources news, VP Rosemary L. Klein sold 1,708 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $185.00, for a total transaction of $315,980.00. Following the sale, the vice president now owns 6,449 shares in the company, valued at $1,193,065. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the sale, the vice president now owns 2,192 shares in the company, valued at approximately $391,052.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Rosemary L. Klein sold 1,708 shares of Arch Resources stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $185.00, for a total transaction of $315,980.00. Following the transaction, the vice president now directly owns 6,449 shares in the company, valued at approximately $1,193,065. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,043 shares of company stock worth $19,442,080. Corporate insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Resurgent Financial Advisors LLC purchased a new position in Arch Resources in the fourth quarter worth approximately $29,000. Covestor Ltd raised its holdings in shares of Arch Resources by 61.4% in the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company's stock valued at $31,000 after purchasing an additional 70 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Arch Resources during the 2nd quarter worth $32,000. Newbridge Financial Services Group Inc. grew its stake 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 worth $33,000 after purchasing an additional 190 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased 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 valued at $34,000 after buying an additional 132 shares during the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.

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