Thompson Siegel & Walmsley LLC Acquires 15,443 Shares of Arch Resources, Inc. (NYSE:ARCH)

Thompson Siegel & Walmsley LLC lifted its position in Arch Resources, Inc. (NYSE:ARCH) by 25.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,103 shares of the energy company’s stock after purchasing an additional 15,443 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.41% of Arch Resources worth $8,469,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ARCH. Maple Rock Capital Partners Inc. increased its holdings in shares of Arch Resources by 15,612.6% in the first quarter. Maple Rock Capital Partners Inc. now owns 350,739 shares of the energy company’s stock worth $46,108,000 after purchasing an additional 353,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Arch Resources by 18.4% in the third quarter. Vanguard Group Inc. now owns 1,817,571 shares of the energy company’s stock worth $215,564,000 after purchasing an additional 282,345 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Arch Resources by 10,789.7% in the first quarter. Envestnet Asset Management Inc. now owns 248,939 shares of the energy company’s stock worth $48,000 after purchasing an additional 246,653 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Arch Resources by 25.3% in the second quarter. Dimensional Fund Advisors LP now owns 771,855 shares of the energy company’s stock worth $87,036,000 after purchasing an additional 155,855 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Arch Resources by 328.2% in the first quarter. Barclays PLC now owns 194,891 shares of the energy company’s stock worth $25,619,000 after purchasing an additional 149,381 shares during the last quarter. 85.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ARCH. BMO Capital Markets lifted their price target on Arch Resources from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Tuesday, October 3rd. StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, B. Riley dropped their price target on Arch Resources from $197.00 to $188.00 and set a “buy” rating for the company in a research report on Tuesday, October 3rd.

Insider Activity

In other news, VP Paul T. Demzik sold 4,339 shares of Arch Resources stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $175.00, for a total transaction of $759,325.00. Following the completion of the sale, the vice president now owns 7,898 shares of the company’s stock, valued at $1,382,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Paul T. Demzik sold 189 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $153.25, for a total value of $28,964.25. Following the completion of the transaction, the vice president now owns 8,211 shares of the company’s stock, valued at $1,258,335.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul T. Demzik sold 4,339 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $175.00, for a total transaction of $759,325.00. Following the completion of the transaction, the vice president now directly owns 7,898 shares of the company’s stock, valued at approximately $1,382,150. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,138 shares of company stock valued at $882,967. Corporate insiders own 5.40% of the company’s stock.

Arch Resources Trading Up 4.1 %

Shares of NYSE:ARCH traded up $6.31 during trading hours on Friday, hitting $159.36. 404,417 shares of the company’s stock traded hands, compared to its average volume of 417,069. Arch Resources, Inc. has a 1 year low of $102.42 and a 1 year high of $175.10. The business has a fifty day moving average price of $154.07 and a 200-day moving average price of $132.69. The firm has a market capitalization of $2.93 billion, a P/E ratio of 3.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.27 and a quick ratio of 1.61.

Arch Resources (NYSE:ARCH) last announced its earnings results on Thursday, October 26th. The energy company reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.65. Arch Resources had a return on equity of 58.01% and a net margin of 25.36%. The business had revenue of $744.60 million during the quarter, compared to analyst estimates of $638.04 million. During the same quarter in the previous year, the business earned $8.68 earnings per share. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. Equities analysts expect that Arch Resources, Inc. will post 24.11 earnings per share for the current year.

Arch Resources Cuts Dividend

The business also recently declared a None dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $1.13 per share. This represents a dividend yield of 0.7%. The ex-dividend date is Wednesday, November 29th. Arch Resources’s dividend payout ratio is presently 2.43%.

Arch Resources Company Profile

Arch Resources, Inc produces and sells metallurgical products. As of December 31, 2022, 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; 306,263 acres of coal land in West Virginia; 81,450 acres of coal land in Wyoming; 234,087 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.