ICA Group Wealth Management LLC Buys Shares of 318 Arch Resources, Inc. (NYSE:ARCH)

ICA Group Wealth Management LLC bought a new position in Arch Resources, Inc. (NYSE:ARCH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 318 shares of the energy company’s stock, valued at approximately $53,000.

Other hedge funds also recently modified their holdings of the company. Stratos Wealth Advisors LLC raised its stake in shares of Arch Resources by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock valued at $929,000 after acquiring an additional 63 shares in the last quarter. Covestor Ltd raised its position in shares of Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after purchasing an additional 70 shares during the period. Unison Advisors LLC lifted its stake in shares of Arch Resources by 2.5% in the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after buying an additional 119 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Arch Resources by 188.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after buying an additional 132 shares during the period. Finally, Amalgamated Bank grew its stake in Arch Resources by 11.4% in the 3rd quarter. Amalgamated Bank now owns 1,826 shares of the energy company’s stock valued at $312,000 after buying an additional 187 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Performance

ARCH traded up $0.68 on Monday, hitting $165.10. 316,051 shares of the stock traded hands, compared to its average volume of 469,595. The business has a fifty day moving average price of $164.18 and a two-hundred day moving average price of $163.80. The company has a current ratio of 2.64, a quick ratio of 1.89 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 52 week low of $102.42 and a 52 week high of $187.60. The firm has a market capitalization of $2.99 billion, a PE ratio of 9.71 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last issued its earnings results on Thursday, April 25th. The energy company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The business had revenue of $680.19 million during the quarter, compared to analyst estimates of $596.52 million. During the same period in the prior year, the company posted $10.02 earnings per share. Arch Resources’s revenue was down 21.8% on a year-over-year basis. On average, research analysts predict that Arch Resources, Inc. will post 14.5 EPS for the current fiscal year.

Arch Resources Cuts Dividend

The firm also recently declared a None dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $1.11 dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend is Friday, May 31st. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, VP Paul T. Demzik sold 4,451 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total value of $794,058.40. Following the sale, the vice president now owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Paul T. Demzik sold 4,451 shares of the 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 in the company, valued at approximately $391,052.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John W. Eaves sold 72,946 shares of Arch Resources stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the transaction, the chairman now directly owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The disclosure for this sale can be found here. Insiders sold a total of 104,335 shares of company stock worth $19,126,100 over the last quarter. Company insiders own 5.90% of the company’s stock.

About Arch Resources

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.