Thompson Siegel & Walmsley LLC Has $6.87 Million Holdings in Arch Resources, Inc. (NYSE:ARCH)

Thompson Siegel & Walmsley LLC lifted its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 33.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,745 shares of the energy company’s stock after buying an additional 12,364 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.27% of Arch Resources worth $6,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Comerica Bank boosted its stake in Arch Resources by 29.6% during the 1st quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock valued at $3,626,000 after purchasing an additional 5,153 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Arch Resources during the 2nd quarter valued at $8,700,000. Virtu Financial LLC bought a new stake in Arch Resources during the first quarter valued at $604,000. CANADA LIFE ASSURANCE Co bought a new position in Arch Resources in the first quarter valued at $2,270,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Arch Resources by 437.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company’s stock worth $8,626,000 after purchasing an additional 50,819 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

Arch Resources Trading Up 4.3 %

Shares of NYSE:ARCH opened at $174.20 on Friday. The stock has a fifty day simple moving average of $145.66 and a two-hundred day simple moving average of $147.89. Arch Resources, Inc. has a 12-month low of $116.44 and a 12-month high of $187.60. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.30 and a beta of 0.59.

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 the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same period last year, the firm posted $3.91 earnings per share. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. As a group, equities research analysts predict that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Arch Resources’s payout ratio is 10.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ARCH shares. StockNews.com started coverage on shares of Arch Resources in a research note on Tuesday. They set a “hold” rating on the stock. B. Riley reduced their target price on 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 issued a $180.00 target price on shares of Arch Resources in a research note on Monday. Finally, Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and upped their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $173.60.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’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 sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.40% of the company’s stock.

About Arch Resources

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.