Short-term stake in Arch Resources, Inc. (NYSE:ARCH) drops 10.2%

Arch Resources, Inc. (NYSE: ARCH – Get Rating) benefited from a significant drop in short-term interest during October. As of October 31, there was short interest totaling 3,240,000 shares, a decrease of 10.2% from the total of 3,610,000 shares as of October 15. Based on an average daily volume of 615,300 shares, the days-to-cover ratio is currently 5.3 days.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, Chief Financial Officer Matthew C. Giljum sold 253 shares in a trade dated Thursday, October 13. The stock was sold at an average price of $136.00, for a total value of $34,408.00. Following completion of the transaction, the CFO now directly owns 11,069 shares of the company, valued at $1,505,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Separately, Vice Chairman John A. Ziegler sold 190 shares of the company in a transaction dated Thursday, October 13. The stock was sold at an average price of $136.00, for a total transaction of $25,840.00. Following the completion of the transaction, the vice president now directly owns 15,086 shares of the company, valued at $2,051,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, Chief Financial Officer Matthew C. Giljum sold 253 shares of the company in a trade dated Thursday, October 13. The stock was sold at an average price of $136.00, for a total value of $34,408.00. Following the transaction, the CFO now owns 11,069 shares of the company, valued at $1,505,384. The disclosure of this sale can be found here. Company insiders own 8.00% of the company’s shares.

Institutional investors weigh in on Arch Resources

A number of hedge funds have recently increased or reduced their stakes in the company. Vanguard Group Inc. increased its holdings of Arch Resources shares by 18.4% in the third quarter. Vanguard Group Inc. now owns 1,817,571 shares of the energy company valued at $215,564,000 after buying an additional 282,345 shares last quarter. State Street Corp increased its holdings of Arch Resources shares 2.3% in the first quarter. State Street Corp now owns 1,234,347 shares of the energy company valued at $169,575,000 after buying an additional 28,274 shares last quarter. BlackRock Inc. increased its holdings of Arch Resources shares by 3.2% in the third quarter. BlackRock Inc. now owns 1,012,223 shares of the energy company valued at $120,051,000 after buying 31,614 more shares last quarter. LSP Investment Advisors LLC increased its holdings of Arch Resources shares by 13.3% in the third quarter. LSP Investment Advisors LLC now owns 661,395 shares of the energy company valued at $78,441,000 after buying an additional 77,551 shares last quarter. Finally, the Healthcare of Ontario Pension Plan Trust Fund increased its stake in Arch Resources by 80.2% during the first quarter. The Healthcare of Ontario Pension Plan Trust Fund now owns 657,600 shares of the energy company worth $90,341,000 after acquiring an additional 292,600 shares during the period. Institutional investors and hedge funds own 95.31% of the company’s shares.

A Wall Street analyst gives his opinion

Several equity research analysts have recently commented on the company. StockNews.com upgraded Arch Resources from a “buy” to a “hold” rating in a Monday, October 31 research rating. B. Riley raised his target price on Arch Resources from $214.00 to $221.00 in a Friday, October 28 research note. Finally, BMO Capital Markets raised its target price on Arch Resources from $150.00 to $185.00 in a Friday, October 28 research note.

Arch Resources are trading up 4.5%

Arch Resources shares opened at $155.01 on Wednesday. The company has a debt ratio of 0.10, a quick ratio of 1.95 and a current ratio of 2.49. Arch Resources has a 52-week low of $73.54 and a 52-week high of $183.53. The stock has a 50-day moving average price of $138.17 and a two-hundred-day moving average price of $147.35. The stock has a market capitalization of $2.80 billion, a PE ratio of 2.94 and a beta of 0.69.

Arch Resources (NYSE:ARCH – Get Rating) last reported quarterly earnings data on Thursday, October 27. The energy company reported EPS of $8.68 for the quarter, missing analyst consensus estimates of $9.14 per ($0.46). Arch Resources had a net margin of 29.61% and a return on equity of 111.61%. The company posted revenue of $863.80 million in the quarter, compared to analyst estimates of $746.73 million. During the same period last year, the company posted EPS of $4.92. The company’s revenue increased 45.3% year over year. As a group, stock analysts expect Arch Resources to post earnings per share of 51.45 for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently announced a None dividend, which will be paid on Thursday, December 15. Shareholders of record on Wednesday, November 30 will receive a dividend of $10.75. The ex-dividend date is Tuesday, November 29. This represents a return of 7.7%. Arch Resources’ dividend payout ratio (DPR) is currently 1.89%.

About Arch Resources

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Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coalfields in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coalfields in Pennsylvania; and 19,018 acres of coalfields in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas.

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