LSV Asset Management Acquires 11,800 Shares of Arch Resources, Inc. (NYSE:ARCH)

LSV Asset Management boosted its position in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,000 shares of the energy company's stock after acquiring an additional 11,800 shares during the quarter. LSV Asset Management owned 0.58% of Arch Resources worth $17,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARCH. Covestor Ltd lifted its stake in Arch Resources by 61.4% during the third quarter. Covestor Ltd now owns 184 shares of the energy company's stock worth $31,000 after purchasing an additional 70 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of Arch Resources by 188.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company's stock worth $34,000 after acquiring an additional 132 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Arch Resources in the 4th quarter valued at $38,000. JTC Employer Solutions Trustee Ltd purchased a new position in Arch Resources during the 4th quarter worth $52,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Arch Resources in the third quarter valued at about $65,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. B. Riley dropped their price target on Arch Resources from $198.00 to $193.00 and set a "buy" rating on the stock in a research report on Monday, April 15th. BMO Capital Markets reiterated a "market perform" rating and issued a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Citigroup restated a "neutral" rating and issued a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Benchmark reiterated a "buy" rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, April 22nd. Finally, StockNews.com downgraded shares of Arch Resources from a "buy" rating to a "hold" rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $177.00.

Insider Activity

In other news, VP John A. Ziegler sold 148 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the transaction, the vice president now owns 23,232 shares of the company's stock, valued at $4,003,570.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP John A. Ziegler sold 148 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the transaction, the vice president now directly owns 23,232 shares in the company, valued at $4,003,570.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James N. Chapman sold 2,005 shares of the firm's stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the completion of the sale, the director now directly owns 1,219 shares in the company, valued at $224,393.52. The disclosure for this sale can be found here. Insiders have sold 99,884 shares of company stock worth $18,332,042 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

Arch Resources Price Performance

Shares of ARCH traded up $0.05 on Tuesday, reaching $160.21. The stock had a trading volume of 217,176 shares, compared to its average volume of 453,632. The firm has a 50-day moving average of $163.35 and a 200 day moving average of $164.00. The firm has a market capitalization of $2.90 billion, a PE ratio of 9.42 and a beta of 0.68. Arch Resources, Inc. has a twelve month low of $102.42 and a twelve month high of $187.60. The company has a quick ratio of 1.89, a current ratio of 2.64 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.19. The business had revenue of $680.19 million during the quarter, compared to the consensus estimate of $596.52 million. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The business's revenue was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.02 EPS. Sell-side analysts expect that Arch Resources, Inc. will post 12.82 EPS for the current year.

Arch Resources Cuts Dividend

The business also recently declared a None dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $1.11 per share. This represents a yield of 0.6%. The ex-dividend date is Friday, May 31st. Arch Resources's payout ratio is 5.88%.

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.