Russell Investments Group Ltd. raised its stake in shares of Arch Resources, Inc. (NYSE:ARCH – Get Rating) by 98.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,674 shares of the energy company’s stock after acquiring an additional 45,421 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.51% of Arch Resources worth $13,090,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. lifted its position in shares of Arch Resources by 2.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock worth $325,000 after buying an additional 67 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Arch Resources by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company’s stock worth $10,823,000 after buying an additional 4,910 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Arch Resources by 58.0% in the 1st quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company’s stock worth $1,125,000 after buying an additional 3,007 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Arch Resources by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company’s stock worth $71,366,000 after buying an additional 14,434 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in Arch Resources in the 1st quarter valued at about $619,000. 88.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. BMO Capital Markets lifted their price objective on shares of Arch Resources from $185.00 to $200.00 in a research report on Friday, February 17th. Finally, B. Riley cut their price objective on shares of Arch Resources from $200.00 to $198.00 in a research report on Friday, April 28th.
Arch Resources Stock Down 2.7 %
Arch Resources (NYSE:ARCH – Get Rating) last released its earnings results on Thursday, April 27th. The energy company reported $10.02 EPS for the quarter, missing the consensus estimate of $10.46 by ($0.44). The company had revenue of $869.40 million for the quarter, compared to analyst estimates of $767.03 million. Arch Resources had a net margin of 33.74% and a return on equity of 96.62%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $12.89 EPS. On average, analysts expect that Arch Resources, Inc. will post 35.23 EPS for the current fiscal year.
Arch Resources Cuts Dividend
The business also recently announced a None dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $2.45 per share. The ex-dividend date is Tuesday, May 30th. This represents a yield of 0.8%. Arch Resources’s payout ratio is 1.63%.
Insider Buying and Selling at Arch Resources
In other Arch Resources news, VP Rosemary L. Klein sold 1,549 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $165.00, for a total transaction of $255,585.00. Following the transaction, the vice president now owns 7,999 shares of the company’s stock, valued at approximately $1,319,835. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Rosemary L. Klein sold 1,549 shares of Arch Resources stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $165.00, for a total value of $255,585.00. Following the transaction, the vice president now owns 7,999 shares of the company’s stock, valued at approximately $1,319,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rosemary L. Klein sold 623 shares of Arch Resources stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $150.00, for a total transaction of $93,450.00. Following the completion of the transaction, the vice president now directly owns 7,071 shares in the company, valued at approximately $1,060,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,868 shares of company stock valued at $1,364,006. Company insiders own 5.40% of the company’s stock.
Arch Resources Profile
Arch Resources, Inc engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical, and Other Thermal. The Powder River Basin segment contains the company’s thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia.
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