Gladius Capital Management LP Sells 70 Shares of Arch Resources, Inc. (NYSE:ARCH)

Gladius Capital Management LP lessened its holdings in Arch Resources, Inc. (NYSE:ARCH) by 26.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198 shares of the energy company’s stock after selling 70 shares during the period. Gladius Capital Management LP’s holdings in Arch Resources were worth $33,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. 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 worth $31,000 after purchasing an additional 70 shares during the period. Hexagon Capital Partners LLC raised its position in shares of 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 buying an additional 132 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Arch Resources in the fourth quarter valued at approximately $38,000. JTC Employer Solutions Trustee Ltd bought a new position in Arch Resources during the 4th quarter worth $52,000. Finally, Acadian Asset Management LLC acquired a new position in Arch Resources in the 3rd quarter valued at $65,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Price Performance

Shares of NYSE ARCH traded up $1.99 during mid-day trading on Thursday, hitting $161.92. 215,091 shares of the stock traded hands, compared to its average volume of 450,520. Arch Resources, Inc. has a twelve month low of $102.42 and a twelve month high of $187.60. The firm has a 50 day simple moving average of $163.24 and a two-hundred day simple moving average of $163.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.89. The company has a market cap of $2.93 billion, a PE ratio of 9.52 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $596.52 million. During the same period in the previous year, the business posted $10.02 earnings per share. The business’s quarterly revenue was down 21.8% compared to the same quarter last year. As a group, equities research analysts forecast that Arch Resources, Inc. will post 12.82 EPS for the current fiscal year.

Arch Resources Cuts Dividend

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

Insider Buying and Selling

In related news, Director Pamela R. Butcher acquired 200 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average cost of $165.00 per share, with a total value of $33,000.00. Following the completion of the purchase, the director now directly owns 200 shares in the company, valued at $33,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP John A. Ziegler sold 148 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $172.33, for a total transaction of $25,504.84. Following the transaction, the vice president now directly owns 23,232 shares of the company’s stock, valued at $4,003,570.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Pamela R. Butcher acquired 200 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the transaction, the director now directly owns 200 shares in the company, valued at $33,000. The disclosure for this purchase can be found here. Insiders sold a total of 99,884 shares of company stock valued at $18,332,042 in the last three months. Insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup restated a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, April 22nd. BMO Capital Markets restated a “market perform” rating and set a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, B. Riley lowered their target price 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.