Empowered Funds LLC Purchases 41,263 Shares of Arch Resources, Inc. (NYSE:ARCH)

Empowered Funds LLC grew its position in Arch Resources, Inc. (NYSE:ARCH) by 248.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,859 shares of the energy company’s stock after purchasing an additional 41,263 shares during the quarter. Empowered Funds LLC owned approximately 0.32% of Arch Resources worth $9,303,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Arch Resources by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock worth $342,037,000 after acquiring an additional 219,094 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 worth $152,343,000 after acquiring an additional 23,959 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Arch Resources by 7.5% in the fourth quarter. Victory Capital Management Inc. now owns 281,463 shares of the energy company’s stock worth $46,706,000 after acquiring an additional 19,738 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Arch Resources by 10.8% in the third quarter. American Century Companies Inc. now owns 271,341 shares of the energy company’s stock worth $46,307,000 after acquiring an additional 26,549 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Arch Resources by 9.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after acquiring an additional 16,273 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Performance

ARCH traded up $2.49 during trading on Friday, reaching $161.74. 226,204 shares of the company’s stock were exchanged, compared to its average volume of 302,446. Arch Resources, Inc. has a fifty-two week low of $108.25 and a fifty-two week high of $187.60. The company has a quick ratio of 1.89, a current ratio of 2.64 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $162.04 and a 200 day moving average price of $165.49. The company has a market capitalization of $2.93 billion, a P/E ratio of 9.51 and a beta of 0.63.

Arch Resources (NYSE:ARCH) last issued its earnings results on Monday, April 29th. The energy company reported $2.98 EPS for the quarter, beating the consensus estimate of $2.79 by $0.19. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The company had revenue of $680.19 million for the quarter, compared to the consensus estimate of $596.52 million. During the same quarter in the previous year, the company earned $10.02 EPS. The firm’s revenue for the quarter was down 21.8% compared to the same quarter last year. As a group, analysts predict that Arch Resources, Inc. will post 12.82 earnings per share for the current fiscal year.

Arch Resources Cuts Dividend

The company also recently announced a None dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $1.11 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s dividend payout ratio is presently 5.88%.

Analysts Set New Price Targets

ARCH has been the topic of several research analyst reports. Citigroup restated a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. BMO Capital Markets reiterated a “market perform” rating and set a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. B. Riley decreased their price target 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. Finally, Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $177.00.

Arch Resources 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.