ICA Group Wealth Management LLC Takes Position in Arch Resources, Inc. (NYSE:ARCH)

ICA Group Wealth Management LLC acquired a new stake in Arch Resources, Inc. (NYSE:ARCH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 318 shares of the energy company’s stock, valued at approximately $53,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC increased its holdings in shares of Arch Resources by 1.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after buying an additional 63 shares in the last quarter. Covestor Ltd grew its position in Arch Resources by 61.4% during the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after acquiring an additional 70 shares during the last quarter. Unison Advisors LLC increased its holdings in Arch Resources by 2.5% in the 4th quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after purchasing an additional 119 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after purchasing an additional 132 shares during the last quarter. Finally, Amalgamated Bank boosted its stake 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. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Trading Up 0.4 %

Arch Resources stock traded up $0.68 during mid-day trading on Monday, hitting $165.10. 316,051 shares of the stock were exchanged, compared to its average volume of 469,595. The firm’s fifty day simple moving average is $164.18 and its two-hundred day simple moving average is $163.80. The company has a quick ratio of 1.89, a current ratio of 2.64 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 12 month low of $102.42 and a 12 month high of $187.60. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 9.71 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last issued 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 net margin of 10.89% and a return on equity of 22.32%. The business had revenue of $680.19 million for the quarter, compared to analysts’ expectations of $596.52 million. During the same quarter in the prior year, the firm posted $10.02 earnings per share. The business’s quarterly revenue was down 21.8% compared to the same quarter last year. Analysts forecast that Arch Resources, Inc. will post 14.5 EPS for the current year.

Arch Resources Cuts Dividend

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

Insiders Place Their Bets

In related news, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the transaction, the vice president now directly owns 2,192 shares of the company’s stock, valued at $391,052.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Paul T. Demzik sold 4,451 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total transaction of $794,058.40. Following the transaction, the vice president now directly owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John A. Ziegler sold 270 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $169.64, for a total value of $45,802.80. Following the completion of the sale, the vice president now directly owns 24,237 shares of the company’s stock, valued at approximately $4,111,564.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,335 shares of company stock worth $19,126,100. 5.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ARCH shares. B. Riley lowered their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research note on Monday, April 15th. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Citigroup restated a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday, April 22nd. Three 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, Arch Resources presently has an average rating of “Hold” and an average price target of $177.00.

Arch Resources Company 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.