AdvisorShares Investments LLC Makes New Investment in Arch Resources, Inc. (NYSE:ARCH)

AdvisorShares Investments LLC bought a new stake in shares of Arch Resources, Inc. (NYSE:ARCH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,030 shares of the energy company’s stock, valued at approximately $511,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in Arch Resources by 5.1% during the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after purchasing an additional 90 shares in the last quarter. CWM LLC raised its stake 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 buying an additional 99 shares during the period. Lindbrook Capital LLC lifted its position in shares of Arch Resources by 99.0% during the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. AlphaMark Advisors LLC grew its stake in Arch Resources by 6.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock valued at $298,000 after acquiring an additional 121 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in Arch Resources by 1.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Trading Down 0.6 %

Shares of ARCH opened at $120.31 on Wednesday. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The stock has a market cap of $2.18 billion, a PE ratio of 7.08 and a beta of 0.60. The firm’s fifty day moving average is $139.30 and its two-hundred day moving average is $154.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million during the quarter, compared to analysts’ expectations of $562.23 million. During the same period in the prior year, the business posted $4.04 earnings per share. The business’s quarterly revenue was down 19.6% on a year-over-year basis. Research analysts forecast that Arch Resources, Inc. will post 12.74 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, August 30th. Arch Resources’s dividend payout ratio is currently 5.88%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARCH. B. Riley decreased their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. Finally, StockNews.com initiated coverage on Arch Resources in a report on Sunday. They issued a “hold” rating on the stock. Three 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 an average target price of $175.75.

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.