Mork Capital Management LLC Has $2.07 Million Stake in Arch Resources, Inc. (NYSE:ARCH)

Mork Capital Management LLC boosted its holdings in Arch Resources, Inc. (NYSE:ARCH) by 50.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,000 shares of the energy company’s stock after acquiring an additional 5,000 shares during the quarter. Arch Resources accounts for approximately 1.5% of Mork Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Mork Capital Management LLC owned 0.08% of Arch Resources worth $2,072,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Harvest Management LLC bought a new position in Arch Resources during the 3rd quarter valued at $1,464,000. Holocene Advisors LP raised its holdings in shares of Arch Resources by 422.4% in the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after purchasing an additional 202,425 shares during the last quarter. Atom Investors LP lifted its position in shares of Arch Resources by 20.4% during the third quarter. Atom Investors LP now owns 15,276 shares of the energy company’s stock valued at $2,111,000 after purchasing an additional 2,588 shares in the last quarter. Maverick Capital Ltd. lifted its position in shares of Arch Resources by 55.8% during the third quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company’s stock valued at $1,353,000 after purchasing an additional 3,510 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new position in Arch Resources during the third quarter worth about $157,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ARCH. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Monday, November 18th. StockNews.com began coverage on Arch Resources in a report on Wednesday, November 27th. They set a “hold” rating on the stock. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and upped their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, B. Riley lowered their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Arch Resources currently has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources Trading Down 0.2 %

Arch Resources stock opened at $168.42 on Wednesday. The business’s 50 day simple moving average is $152.67 and its 200 day simple moving average is $148.44. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 17.69 and a beta of 0.64.

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

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Arch Resources’s dividend payout ratio is presently 10.50%.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.90% of the company’s stock.

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.