Swiss National Bank Makes New $5.64 Million Investment in Arch Resources, Inc. (NYSE:ARCH)

Swiss National Bank purchased a new position in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,000 shares of the energy company's stock, valued at approximately $5,642,000. Swiss National Bank owned approximately 0.19% of Arch Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Covestor Ltd boosted its stake in Arch Resources by 61.4% during the third quarter. Covestor Ltd now owns 184 shares of the energy company's stock valued at $31,000 after buying an additional 70 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Arch Resources by 188.6% in the 4th 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 bought a new stake in shares of Arch Resources in the 4th quarter worth approximately $38,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Arch Resources in the 4th quarter worth approximately $52,000. Finally, Acadian Asset Management LLC acquired a new stake in Arch Resources during the third quarter valued at approximately $65,000. 88.14% of the stock is currently owned by institutional investors.

Insider Activity

In other Arch Resources news, Director Pamela R. Butcher bought 200 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the acquisition, the director now directly owns 200 shares of the company's stock, valued at $33,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total value of $13,497,198.38. Following the transaction, the chairman now owns 136,725 shares in the company, valued at $25,298,226.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela R. Butcher acquired 200 shares of Arch Resources stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average cost of $165.00 per share, with a total value of $33,000.00. Following the purchase, the director now owns 200 shares in the company, valued at approximately $33,000. The disclosure for this purchase can be found here. Insiders have sold 99,152 shares of company stock worth $18,207,158 in the last 90 days. Company insiders own 5.40% of the company's stock.

Arch Resources Stock Up 1.2 %

NYSE ARCH traded up $1.85 during trading on Friday, reaching $161.27. 186,142 shares of the company's stock were exchanged, compared to its average volume of 436,956. The firm has a market capitalization of $2.92 billion, a PE ratio of 9.38 and a beta of 0.68. Arch Resources, Inc. has a fifty-two week low of $102.42 and a fifty-two week high of $187.60. The company has a current ratio of 2.64, a quick ratio of 1.89 and a debt-to-equity ratio of 0.07. The company's fifty day simple moving average is $161.24 and its 200-day simple moving average is $164.25.

Arch Resources (NYSE:ARCH - Get Free Report) last issued its earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.79 by $0.19. The company had revenue of $680.19 million for 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 firm's quarterly revenue was down 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.02 EPS. Sell-side analysts predict that Arch Resources, Inc. will post 12.82 EPS for the current year.

Arch Resources Cuts Dividend

The firm also recently announced a None dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $1.11 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources's dividend payout ratio is 5.88%.

Analyst Ratings Changes

ARCH has been the topic of several research reports. 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. StockNews.com lowered Arch Resources from a "buy" rating to a "hold" rating in a research report on Thursday, March 7th. BMO Capital Markets restated a "market perform" rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Benchmark reiterated a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, April 22nd. Finally, B. Riley cut their price target 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $177.00.

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.