Janney Montgomery Scott LLC Boosts Stake in Arch Resources, Inc. (NYSE:ARCH)

Janney Montgomery Scott LLC lifted its stake in Arch Resources, Inc. (NYSE:ARCHGet Rating) by 216.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,255 shares of the energy company’s stock after purchasing an additional 2,912 shares during the period. Janney Montgomery Scott LLC’s holdings in Arch Resources were worth $505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Group Holdings Inc. increased its stake 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 buying an additional 67 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Arch Resources by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company’s stock worth $10,823,000 after buying an additional 4,910 shares in the last quarter. MetLife Investment Management LLC increased its stake in Arch Resources by 58.0% in the 1st quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company’s stock worth $1,125,000 after buying an additional 3,007 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Arch Resources by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company’s stock worth $71,366,000 after buying an additional 14,434 shares in the last quarter. Finally, Ergoteles LLC purchased a new stake in Arch Resources in the 1st quarter worth $619,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Arch Resources Trading Up 4.9 %

Shares of Arch Resources stock opened at $149.40 on Monday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 2.83 and a beta of 0.71. The business has a 50-day moving average price of $145.27 and a 200-day moving average price of $142.22. The company has a quick ratio of 1.95, a current ratio of 2.49 and a debt-to-equity ratio of 0.10. Arch Resources, Inc. has a twelve month low of $86.50 and a twelve month high of $183.53.

Arch Resources (NYSE:ARCHGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The energy company reported $8.68 earnings per share for the quarter, missing analysts’ consensus estimates of $9.14 by ($0.46). Arch Resources had a net margin of 29.61% and a return on equity of 111.61%. The firm had revenue of $863.80 million for the quarter, compared to analysts’ expectations of $746.73 million. During the same quarter in the previous year, the business earned $4.92 EPS. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. Equities research analysts anticipate that Arch Resources, Inc. will post 51.35 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently declared a None dividend, which was paid on Thursday, December 15th. Investors of record on Wednesday, November 30th were issued a $10.75 dividend. This represents a dividend yield of 7.7%. The ex-dividend date was Tuesday, November 29th. Arch Resources’s payout ratio is 1.89%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ARCH. BMO Capital Markets increased their price target on Arch Resources from $150.00 to $185.00 in a research note on Friday, October 28th. StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, B. Riley cut their price objective on Arch Resources from $221.00 to $207.00 in a research report on Tuesday, January 17th.

Arch Resources Company Profile

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Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coal land in Pennsylvania; and 19,018 acres of coal land in Colorado, as well as 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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