Hourglass Capital LLC Grows Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Hourglass Capital LLC raised its stake in Arch Resources, Inc. (NYSE:ARCH) by 24.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,025 shares of the energy company’s stock after buying an additional 1,000 shares during the period. Hourglass Capital LLC’s holdings in Arch Resources were worth $765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ARCH. Vanguard Group Inc. grew its stake in Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after acquiring an additional 286,359 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Arch Resources by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 918,052 shares of the energy company’s stock valued at $152,343,000 after purchasing an additional 23,959 shares during the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Arch Resources by 3.0% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock worth $84,003,000 after purchasing an additional 15,000 shares in the last quarter. Gendell Jeffrey L raised its position in shares of Arch Resources by 5.4% during the 1st quarter. Gendell Jeffrey L now owns 301,039 shares of the energy company’s stock worth $48,404,000 after purchasing an additional 15,558 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Arch Resources by 9.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock valued at $30,345,000 after buying an additional 16,273 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Price Performance

ARCH stock opened at $120.60 on Friday. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 7.32 and a beta of 0.64. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The stock’s fifty day simple moving average is $141.83 and its 200-day simple moving average is $155.62.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same period in the previous year, the business posted $4.04 earnings per share. The firm’s quarterly revenue was down 19.6% on a year-over-year basis. Equities research analysts expect that Arch Resources, Inc. will post 12.74 EPS for the current year.

Arch Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. Arch Resources’s payout ratio is 5.88%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. B. Riley raised their price target on Arch Resources from $192.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. StockNews.com began coverage on shares of Arch Resources in a research note on Saturday, August 31st. They issued a “hold” rating for the company. Finally, Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $178.25.

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.