Readystate Asset Management LP Has $1.48 Million Holdings in Arch Resources, Inc. (NYSE:ARCH)

Readystate Asset Management LP boosted its position in Arch Resources, Inc. (NYSE:ARCH) by 27.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,899 shares of the energy company’s stock after buying an additional 1,899 shares during the quarter. Readystate Asset Management LP’s holdings in Arch Resources were worth $1,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stratos Wealth Advisors LLC grew its position in Arch Resources by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after purchasing an additional 63 shares during the last quarter. Advisor Group Holdings Inc. grew its position in 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 purchasing an additional 67 shares during the last quarter. Covestor Ltd grew its position in Arch Resources by 61.4% in the 3rd 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. Unison Advisors LLC grew its position in Arch Resources by 2.5% in the 4th quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after purchasing an additional 119 shares during the last quarter. Finally, Hexagon Capital Partners LLC grew its position in 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. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arch Resources

In related news, VP Rosemary L. Klein sold 1,708 shares of Arch Resources stock in a transaction dated 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 of the company’s stock, valued at approximately $1,193,065. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Arch Resources news, VP Rosemary L. Klein sold 1,708 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $185.00, for a total value of $315,980.00. Following the completion of the sale, the vice president now owns 6,449 shares in the company, valued at approximately $1,193,065. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul T. Demzik sold 4,451 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the completion of the sale, the vice president now owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The disclosure for this sale can be found here. Insiders sold 106,043 shares of company stock valued at $19,442,080 in the last ninety days. Insiders own 5.40% of the company’s stock.

Arch Resources Price Performance

Shares of NYSE:ARCH traded down $1.64 during midday trading on Thursday, reaching $162.66. 357,717 shares of the company’s stock were exchanged, compared to its average volume of 477,844. Arch Resources, Inc. has a 12 month low of $102.42 and a 12 month high of $187.60. The firm has a market capitalization of $2.97 billion, a PE ratio of 6.80 and a beta of 0.68. The company’s 50 day simple moving average is $165.05 and its two-hundred day simple moving average is $163.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49.

Arch Resources (NYSE:ARCH) last announced 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). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. During the same period in the prior year, the business earned $23.18 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. Equities research analysts expect that Arch Resources, Inc. will post 16.73 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, February 28th. Arch Resources’s dividend payout ratio is currently 4.16%.

Analyst Ratings Changes

Several research firms have issued reports on ARCH. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Citigroup reaffirmed a “neutral” rating and set a $170.00 price objective (down from $185.00) on shares of Arch Resources in a report on Thursday. B. Riley reduced their price objective on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday. Finally, StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $177.00.

Arch Resources 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.