Luminus Management LLC Has $40.12 Million Stock Position in Arch Resources, Inc. (NYSE:ARCH)

Luminus Management LLC reduced its holdings in Arch Resources, Inc. (NYSE:ARCHFree Report) by 39.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 235,056 shares of the energy company’s stock after selling 155,358 shares during the period. Arch Resources makes up about 12.4% of Luminus Management LLC’s investment portfolio, making the stock its largest position. Luminus Management LLC owned about 1.28% of Arch Resources worth $40,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Advisor Group Holdings Inc. boosted its stake 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 valued at $325,000 after purchasing an additional 67 shares in the last quarter. Covestor Ltd grew 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 buying an additional 70 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Arch Resources by 113.8% during the second quarter. Captrust Financial Advisors now owns 295 shares of the energy company’s stock worth $42,000 after buying an additional 157 shares in the last quarter. Cetera Advisors LLC raised its stake in shares of Arch Resources by 9.2% in the fourth quarter. Cetera Advisors LLC now owns 1,941 shares of the energy company’s stock valued at $277,000 after acquiring an additional 164 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of Arch Resources by 21.5% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 1,000 shares of the energy company’s stock worth $113,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Insider Buying and Selling at Arch Resources

In related news, VP Rosemary L. Klein sold 1,708 shares of the company’s 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 completion of the transaction, the vice president now directly owns 6,449 shares in the company, valued at approximately $1,193,065. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Rosemary L. Klein sold 1,708 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $185.00, for a total value of $315,980.00. Following the sale, the vice president now directly owns 6,449 shares in the company, valued at $1,193,065. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John A. Ziegler sold 3,299 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $169.42, for a total transaction of $558,916.58. Following the sale, the vice president now owns 33,618 shares of the company’s stock, valued at $5,695,561.56. The disclosure for this sale can be found here. Insiders have sold a total of 19,138 shares of company stock worth $3,347,018 over the last 90 days. Insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on ARCH shares. BMO Capital Markets raised their price objective on shares of Arch Resources from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, November 17th. B. Riley lowered their target price on shares of Arch Resources from $232.00 to $223.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Finally, StockNews.com upgraded shares of Arch Resources from a “hold” rating to a “buy” rating in a research report on Wednesday.

Get Our Latest Stock Report on ARCH

Arch Resources Stock Performance

Shares of Arch Resources stock traded up $2.26 during trading on Thursday, hitting $164.29. 98,929 shares of the stock were exchanged, compared to its average volume of 323,842. Arch Resources, Inc. has a 1-year low of $102.42 and a 1-year high of $187.45. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 6.74 and a beta of 0.71. The company has a fifty day moving average price of $170.87 and a 200-day moving average price of $158.53.

Arch Resources (NYSE:ARCHGet Free Report) last released its quarterly earnings results 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). The firm had revenue of $774.00 million during the quarter, compared to the consensus estimate of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $23.18 earnings per share. As a group, equities analysts predict that Arch Resources, Inc. will post 23.25 EPS for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, February 28th. Arch Resources’s dividend payout ratio (DPR) is presently 4.16%.

Arch Resources Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Arch Resources (NYSE:ARCH)

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