Franklin Resources Inc. Raises Holdings in Arch Resources, Inc. (NYSE:ARCH)

Franklin Resources Inc. boosted its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 7.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,240 shares of the energy company’s stock after acquiring an additional 843 shares during the quarter. Franklin Resources Inc.’s holdings in Arch Resources were worth $1,785,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after buying an additional 404,249 shares during the period. Holocene Advisors LP raised its holdings in shares of Arch Resources by 422.4% during the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after purchasing an additional 202,425 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after purchasing an additional 119,505 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Arch Resources during the second quarter worth $11,813,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Arch Resources during the third quarter worth $9,828,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arch Resources

In related news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.40% of the company’s stock.

Arch Resources Trading Down 0.5 %

ARCH opened at $136.56 on Friday. The firm has a market capitalization of $2.47 billion, a PE ratio of 14.34 and a beta of 0.64. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The firm’s 50-day moving average price is $155.75 and its 200 day moving average price is $146.11.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.91 earnings per share. As a group, analysts predict that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. Arch Resources’s dividend payout ratio is currently 10.50%.

Analysts Set New Price Targets

Several research analysts recently issued reports on ARCH shares. B. Riley reduced their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their price objective for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com initiated coverage on shares of Arch Resources in a report on Saturday, December 21st. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Arch Resources currently has an average 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.