MML Investors Services LLC Takes Position in Arch Resources, Inc. (NYSE:ARCH)

MML Investors Services LLC purchased a new stake in Arch Resources, Inc. (NYSE:ARCH) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,884 shares of the energy company’s stock, valued at approximately $260,000.

A number of other large investors have also recently bought and sold shares of ARCH. K2 Principal Fund L.P. purchased a new stake in shares of Arch Resources in the third quarter valued at about $345,000. Point72 Asset Management L.P. acquired a new position in Arch Resources in the 3rd quarter valued at about $9,828,000. Mork Capital Management LLC increased its position in Arch Resources by 50.0% in the 3rd quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company’s stock valued at $2,072,000 after acquiring an additional 5,000 shares during the period. Harvest Management LLC purchased a new stake in Arch Resources during the 3rd quarter valued at approximately $1,464,000. Finally, Holocene Advisors LP lifted its position in Arch Resources by 422.4% during the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after acquiring an additional 202,425 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Insider Activity

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the sale, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.90% of the company’s stock.

Arch Resources Stock Down 0.3 %

NYSE:ARCH opened at $138.14 on Thursday. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm’s fifty day simple moving average is $156.10 and its 200-day simple moving average is $146.43. The stock has a market cap of $2.50 billion, a PE ratio of 14.51 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last issued its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The company had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period last year, the business posted $3.91 earnings per share. Equities analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.72%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is 10.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ARCH shares. Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and boosted their target price for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. B. Riley cut their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Finally, StockNews.com began coverage on shares of Arch Resources in a research note on Saturday, December 21st. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Arch Resources has a consensus rating of “Hold” and an average target price of $173.60.

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.