Wedge Capital Management L L P NC Has $3.53 Million Stock Position in Arch Resources, Inc. (NYSE:ARCH)

Wedge Capital Management L L P NC cut its holdings in Arch Resources, Inc. (NYSE:ARCH) by 32.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,177 shares of the energy company’s stock after selling 11,132 shares during the period. Wedge Capital Management L L P NC owned approximately 0.13% of Arch Resources worth $3,528,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ARCH. Aquamarine Zurich AG acquired a new position in shares of Arch Resources during the 2nd quarter worth approximately $1,233,000. Simplicity Wealth LLC bought a new position in Arch Resources during the 2nd quarter worth $285,000. Linden Thomas Advisory Services LLC raised its stake in Arch Resources by 1.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after purchasing an additional 127 shares in the last quarter. CWM LLC lifted its holdings in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after acquiring an additional 99 shares during the period. Finally, Teachers Retirement System of The State of Kentucky bought a new position in Arch Resources in the first quarter valued at approximately $611,000. 88.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ARCH. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Citigroup reaffirmed a “neutral” rating and set a $170.00 price target (down from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Finally, B. Riley increased their price objective on shares of Arch Resources from $192.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three 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 currently has a consensus rating of “Hold” and an average target price of $178.25.

Arch Resources Trading Up 2.3 %

Shares of ARCH stock traded up $2.82 during mid-day trading on Thursday, reaching $123.64. 355,152 shares of the stock traded hands, compared to its average volume of 398,300. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 7.27 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. The stock’s fifty day simple moving average is $150.05 and its two-hundred day simple moving average is $160.14. Arch Resources, Inc. has a 1-year low of $120.52 and a 1-year high of $187.60.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data 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 net margin of 9.24% and a return on equity of 17.91%. The business had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. During the same quarter last year, the business earned $4.04 EPS. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, research analysts anticipate that Arch Resources, Inc. will post 13.7 EPS for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.81%. Arch Resources’s dividend payout ratio is 5.88%.

About Arch Resources

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.