Allspring Global Investments Holdings LLC Purchases 10,258 Shares of Arch Resources, Inc. (NYSE:ARCH)

Allspring Global Investments Holdings LLC boosted its holdings in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 447.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,550 shares of the energy company's stock after buying an additional 10,258 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Arch Resources worth $2,083,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd grew its position in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company's stock worth $31,000 after buying an additional 70 shares during the last quarter. CVA Family Office LLC purchased a new position in Arch Resources during the 4th quarter worth approximately $38,000. JTC Employer Solutions Trustee Ltd purchased a new position in Arch Resources during the 4th quarter worth approximately $52,000. Acadian Asset Management LLC purchased a new position in Arch Resources during the 3rd quarter worth approximately $65,000. Finally, GW Henssler & Associates Ltd. purchased a new position in Arch Resources during the 3rd quarter worth approximately $247,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets reiterated a "market perform" rating and set a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. B. Riley lowered their price objective on shares of Arch Resources from $198.00 to $193.00 and set a "buy" rating on the stock in a research report on Monday, April 15th. Benchmark reiterated a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday. Citigroup reissued a "neutral" rating and set a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research note on Thursday. Finally, StockNews.com lowered shares of Arch Resources from a "buy" rating to a "hold" rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $177.00.

Insider Activity at Arch Resources

In related news, Chairman John W. Eaves sold 72,946 shares of Arch Resources stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $185.03, for a total value of $13,497,198.38. Following the completion of the sale, the chairman now owns 136,725 shares of the company's stock, valued at approximately $25,298,226.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director James N. Chapman sold 2,005 shares of Arch Resources stock in a transaction on Friday, March 8th. The shares were sold at an average price of $184.08, for a total value of $369,080.40. Following the transaction, the director now owns 1,219 shares in the company, valued at approximately $224,393.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John W. Eaves sold 72,946 shares of Arch Resources stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the transaction, the chairman now owns 136,725 shares in the company, valued at approximately $25,298,226.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,335 shares of company stock valued at $19,126,100. Insiders own 5.90% of the company's stock.

Arch Resources Stock Down 1.1 %

Shares of NYSE:ARCH traded down $1.84 during trading on Monday, reaching $161.34. 294,542 shares of the company traded hands, compared to its average volume of 472,823. The firm has a fifty day simple moving average of $164.77 and a 200 day simple moving average of $163.54. The firm has a market cap of $2.94 billion, a P/E ratio of 6.66 and a beta of 0.68. Arch Resources, Inc. has a 1-year low of $102.42 and a 1-year high of $187.60. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business had revenue of $774.00 million during the quarter, compared to analyst estimates of $704.53 million. During the same period in the previous year, the firm posted $23.18 EPS. The firm's revenue for the quarter was down 9.9% on a year-over-year basis. Analysts anticipate that Arch Resources, Inc. will post 14.84 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Wednesday, February 28th. Arch Resources's payout ratio is presently 4.16%.

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.