Skylands Capital LLC Has $42.16 Million Stake in Arch Resources, Inc. (NYSE:ARCH)

Skylands Capital LLC lessened its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 254,080 shares of the energy company’s stock after selling 26,235 shares during the period. Arch Resources accounts for about 6.2% of Skylands Capital LLC’s investment portfolio, making the stock its 2nd largest holding. Skylands Capital LLC’s holdings in Arch Resources were worth $42,162,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ARCH. Stratos Wealth Advisors LLC increased its stake in Arch Resources by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after purchasing an additional 63 shares during the period. Covestor Ltd increased its stake in shares of Arch Resources by 61.4% during the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after buying an additional 70 shares during the period. Unison Advisors LLC increased its stake in shares of Arch Resources by 2.5% during the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock valued at $795,000 after buying an additional 119 shares during the period. Amalgamated Bank lifted its holdings in shares of Arch Resources by 11.4% during the third quarter. Amalgamated Bank now owns 1,826 shares of the energy company’s stock valued at $312,000 after purchasing an additional 187 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Arch Resources during the fourth quarter valued at $38,000. Institutional investors own 88.14% of the company’s stock.

Analyst Upgrades and Downgrades

ARCH has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price target (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Citigroup reiterated a “neutral” rating and set a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Monday, April 22nd. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, B. Riley reduced their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Arch Resources currently has a consensus rating of “Hold” and a consensus price target of $177.00.

Insider Activity

In other news, Chairman John W. Eaves sold 72,946 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total value of $13,497,198.38. Following the completion of the sale, the chairman now directly owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director James N. Chapman sold 2,005 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the sale, the director now directly owns 1,219 shares of the company’s stock, valued at approximately $224,393.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John W. Eaves sold 72,946 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total value of $13,497,198.38. Following the sale, the chairman now directly owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The disclosure for this sale can be found here. Insiders sold 104,335 shares of company stock valued at $19,126,100 in the last ninety days. Insiders own 5.90% of the company’s stock.

Arch Resources Price Performance

Shares of NYSE:ARCH traded up $0.56 during trading on Monday, hitting $164.98. 162,972 shares of the company’s stock were exchanged, compared to its average volume of 467,512. The business’s 50-day simple moving average is $164.08 and its 200 day simple moving average is $163.72. Arch Resources, Inc. has a 52-week low of $102.42 and a 52-week high of $187.60. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 9.67 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.89.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Thursday, April 25th. The energy company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The company had revenue of $680.19 million during the quarter, compared to analyst estimates of $596.52 million. During the same period in the prior year, the company earned $10.02 earnings per share. The firm’s revenue was down 21.8% on a year-over-year basis. As a group, equities analysts predict that Arch Resources, Inc. will post 14.5 EPS for the current year.

Arch Resources Cuts Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $1.11 dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, May 31st. Arch Resources’s payout ratio is 5.88%.

Arch Resources 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.