Chesapeake Capital Corp IL Makes New $1.16 Million Investment in Arch Resources, Inc. (NYSE:ARCH)

Chesapeake Capital Corp IL purchased a new position in shares of Arch Resources, Inc. (NYSE:ARCHFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,966 shares of the energy company’s stock, valued at approximately $1,156,000. Arch Resources accounts for approximately 0.8% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 25th largest holding.

A number of other large investors have also recently made changes to their positions in ARCH. Raymond James & Associates boosted its stake in shares of Arch Resources by 16.9% during the 3rd quarter. Raymond James & Associates now owns 2,442 shares of the energy company’s stock worth $417,000 after purchasing an additional 353 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Arch Resources by 86.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,600 shares of the energy company’s stock worth $785,000 after purchasing an additional 2,127 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Arch Resources by 53.8% during the 3rd quarter. Principal Financial Group Inc. now owns 11,265 shares of the energy company’s stock worth $1,922,000 after purchasing an additional 3,939 shares during the period. Victory Capital Management Inc. lifted its holdings in Arch Resources by 1,196.2% during the 3rd quarter. Victory Capital Management Inc. now owns 261,725 shares of the energy company’s stock valued at $44,666,000 after buying an additional 241,534 shares in the last quarter. Finally, Callan Capital LLC bought a new stake in Arch Resources during the 3rd quarter valued at about $545,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ARCH. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, April 22nd. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. B. Riley reduced their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday, April 15th. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Citigroup restated a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $177.00.

View Our Latest Analysis on ARCH

Insider Buying and Selling

In related news, VP John A. Ziegler sold 3,299 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $169.42, for a total transaction of $558,916.58. Following the completion of the transaction, the vice president now owns 33,618 shares in the company, valued at approximately $5,695,561.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Arch Resources news, CFO Matthew C. Giljum sold 2,380 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $169.48, for a total transaction of $403,362.40. Following the sale, the chief financial officer now owns 39,235 shares of the company’s stock, valued at approximately $6,649,547.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John A. Ziegler sold 3,299 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $169.42, for a total transaction of $558,916.58. Following the sale, the vice president now directly owns 33,618 shares in the company, valued at approximately $5,695,561.56. The disclosure for this sale can be found here. Insiders sold a total of 99,152 shares of company stock worth $18,207,158 in the last 90 days. 5.40% of the stock is owned by corporate insiders.

Arch Resources Stock Up 1.3 %

Shares of NYSE:ARCH traded up $2.17 during trading hours on Friday, hitting $170.60. The company’s stock had a trading volume of 206,781 shares, compared to its average volume of 277,059. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.89. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 10.04 and a beta of 0.68. The firm’s fifty day moving average price is $161.03 and its 200 day moving average price is $165.29. Arch Resources, Inc. has a 52 week low of $102.42 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCHGet Free Report) last posted its quarterly earnings data on Monday, April 29th. The energy company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.79 by $0.19. The firm had revenue of $680.19 million during the quarter, compared to analyst estimates of $596.52 million. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. Arch Resources’s revenue was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.02 EPS. As a group, research analysts expect that Arch Resources, Inc. will post 12.82 EPS for the current year.

Arch Resources Cuts Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $1.11 per share. The ex-dividend date is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Arch Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Arch Resources (NYSE:ARCH)

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