Arch Resources, Inc. (NYSE:ARCH) Sees Large Growth in Short Interest

Arch Resources, Inc. (NYSE:ARCH) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,910,000 shares, an increase of 17.9% from the October 31st total of 1,620,000 shares. Based on an average trading volume of 366,000 shares, the short-interest ratio is presently 5.2 days.

Arch Resources Stock Down 0.2 %

ARCH traded down $0.36 during midday trading on Tuesday, hitting $168.44. 14,761 shares of the company traded hands, compared to its average volume of 394,978. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The company’s 50-day moving average is $152.00 and its 200 day moving average is $148.39. The firm has a market capitalization of $3.05 billion, a PE ratio of 17.73 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last released its quarterly 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 firm had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the business earned $3.91 earnings per share. On average, sell-side analysts predict that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred on Monday, October 14th. The stock was 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 approximately $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently made changes to their positions in ARCH. Nisa Investment Advisors LLC boosted its stake in shares of Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after acquiring an additional 90 shares during the last quarter. CWM LLC grew its stake in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. AlphaMark Advisors LLC raised its stake in Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after acquiring an additional 121 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in Arch Resources by 1.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after purchasing an additional 127 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Arch Resources by 6.5% in the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Analyst Upgrades and Downgrades

ARCH has been the subject of a number of research reports. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and increased their price objective for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. StockNews.com initiated coverage on shares of Arch Resources in a research note on Wednesday, November 27th. They set a “hold” rating on the stock. B. Riley decreased their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $173.60.

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.