Arch Resources, Inc. (NYSE:ARCH) is Luminus Management LLC’s Largest Position

Luminus Management LLC lessened its stake in shares of Arch Resources, Inc. (NYSE:ARCHFree Report) by 39.8% during the 3rd quarter, Holdings Channel reports. The fund owned 235,056 shares of the energy company’s stock after selling 155,358 shares during the period. Arch Resources comprises approximately 12.4% of Luminus Management LLC’s holdings, making the stock its largest position. Luminus Management LLC’s holdings in Arch Resources were worth $40,115,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new stake in shares of Arch Resources during the fourth quarter worth about $29,000. Covestor Ltd lifted 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 worth $31,000 after buying an additional 70 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Arch Resources during the second quarter valued at $32,000. CENTRAL TRUST Co acquired a new position in shares of Arch Resources in the 3rd quarter valued at $39,000. Finally, Captrust Financial Advisors raised its stake in Arch Resources by 113.8% in the 2nd quarter. Captrust Financial Advisors now owns 295 shares of the energy company’s stock worth $42,000 after acquiring an additional 157 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ARCH. BMO Capital Markets increased their price objective on Arch Resources from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, November 17th. StockNews.com upgraded shares of Arch Resources from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, B. Riley decreased their price objective on shares of Arch Resources from $232.00 to $223.00 and set a “buy” rating for the company in a research report on Friday, February 16th.

Read Our Latest Research Report on ARCH

Arch Resources Trading Up 1.4 %

Shares of ARCH traded up $2.26 during midday trading on Thursday, reaching $164.29. The company had a trading volume of 98,929 shares, compared to its average volume of 323,842. Arch Resources, Inc. has a 1-year low of $102.42 and a 1-year high of $187.45. The stock has a market cap of $3.02 billion, a PE ratio of 6.74 and a beta of 0.71. The firm has a 50 day simple moving average of $170.87 and a 200-day simple moving average of $158.53. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCHGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business had revenue of $774.00 million during the quarter, compared to analyst estimates of $704.53 million. During the same quarter in the prior year, the company posted $23.18 earnings per share. The company’s revenue was down 9.9% on a year-over-year basis. Research analysts forecast that Arch Resources, Inc. will post 23.25 EPS for the current fiscal year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date is Wednesday, February 28th. Arch Resources’s dividend payout ratio is currently 4.16%.

Insider Buying and Selling

In other news, VP Rosemary L. Klein sold 1,708 shares of Arch Resources stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.00, for a total transaction of $315,980.00. Following the completion of the sale, the vice president now directly owns 6,449 shares of the company’s stock, valued at approximately $1,193,065. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Rosemary L. Klein sold 1,708 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $185.00, for a total value of $315,980.00. Following the transaction, the vice president now directly owns 6,449 shares of the company’s stock, valued at approximately $1,193,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John A. Ziegler sold 3,299 shares of Arch Resources stock in a transaction on Monday, February 26th. The shares were sold at an average price of $169.42, for a total transaction of $558,916.58. Following the completion of the transaction, the vice president now owns 33,618 shares in the company, valued at $5,695,561.56. The disclosure for this sale can be found here. Insiders sold 19,138 shares of company stock valued at $3,347,018 in the last three months. 5.40% of the stock is owned by corporate insiders.

Arch Resources Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ARCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Resources, Inc. (NYSE:ARCHFree Report).

Institutional Ownership by Quarter for Arch Resources (NYSE:ARCH)

Receive News & Ratings for Arch Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Resources and related companies with MarketBeat.com's FREE daily email newsletter.