Chicago Partners Investment Group LLC Has $2.18 Million Position in Arch Resources, Inc. (NYSE:ARCH)

Chicago Partners Investment Group LLC lessened its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 6.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,549 shares of the energy company’s stock after selling 1,103 shares during the period. Chicago Partners Investment Group LLC’s holdings in Arch Resources were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ARCH. Vanguard Group Inc. raised its position in Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after purchasing an additional 286,359 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Arch Resources during the 2nd quarter worth $11,813,000. American Century Companies Inc. lifted its position in shares of Arch Resources by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after buying an additional 59,072 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after buying an additional 58,821 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. B. Riley lowered 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. Finally, StockNews.com began coverage on shares of Arch Resources in a research note on Sunday. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Arch Resources has a consensus rating of “Hold” and an average price target of $175.75.

Insider Buying and Selling

In other Arch Resources 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 value of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.40% of the stock is owned by corporate insiders.

Arch Resources Stock Performance

Shares of ARCH stock opened at $144.00 on Friday. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 10.46 and a beta of 0.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $135.30 and its 200-day moving average price is $147.52. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60.

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.