Arch Resources, Inc. (NYSE:ARCH) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. increased its position in Arch Resources, Inc. (NYSE:ARCH) by 55.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,795 shares of the energy company’s stock after acquiring an additional 3,510 shares during the period. Maverick Capital Ltd.’s holdings in Arch Resources were worth $1,353,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ARCH. Intech Investment Management LLC acquired a new position in shares of Arch Resources during the 3rd quarter worth $1,488,000. Comerica Bank raised its position in Arch Resources by 29.6% during the first quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock worth $3,626,000 after acquiring an additional 5,153 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Arch Resources in the second quarter valued at about $8,700,000. Allspring Global Investments Holdings LLC grew its position in shares of Arch Resources by 437.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company’s stock valued at $8,626,000 after purchasing an additional 50,819 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after purchasing an additional 58,821 shares in the last quarter. 88.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARCH. Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and boosted their target price for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. StockNews.com started coverage on shares of Arch Resources in a report on Wednesday. They issued a “hold” rating on the stock. Finally, B. Riley lowered their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Down 0.8 %

NYSE:ARCH opened at $171.92 on Friday. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm’s 50 day moving average is $151.19 and its two-hundred day moving average is $148.39. The company has a market cap of $3.11 billion, a P/E ratio of 18.06 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last issued its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The firm had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. Arch Resources’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.91 EPS. Research analysts forecast that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio is presently 10.50%.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.40% of the company’s stock.

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.