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

Gladius Capital Management LP cut its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 26.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in Arch Resources by 35.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 62,030 shares of the energy company’s stock worth $10,586,000 after buying an additional 16,185 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Arch Resources during the 4th quarter valued at approximately $1,493,000. Hudson Bay Capital Management LP bought a new stake in shares of Arch Resources during the third quarter valued at approximately $2,560,000. Boston Partners purchased a new position in shares of Arch Resources in the third quarter worth $1,138,000. Finally, Aigen Investment Management LP grew its stake in Arch Resources by 139.3% during the third quarter. Aigen Investment Management LP now owns 8,518 shares of the energy company’s stock valued at $1,454,000 after acquiring an additional 4,958 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Trading Up 1.2 %

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. The company has a quick ratio of 1.89, a current ratio of 2.64 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 9.52 and a beta of 0.68. Arch Resources, Inc. has a 52 week low of $102.42 and a 52 week high of $187.60. The firm’s 50 day moving average is $163.24 and its two-hundred day moving average is $163.96.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Monday, April 29th. The energy company reported $2.98 earnings per share (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 analysts’ expectations of $596.52 million. During the same quarter in the previous year, the business earned $10.02 EPS. Arch Resources’s revenue was down 21.8% compared to the same quarter last year. On average, equities research analysts predict that Arch Resources, Inc. will post 12.82 earnings per share for the current year.

Arch Resources Cuts Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on ARCH shares. BMO Capital Markets reissued a “market perform” rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Citigroup reaffirmed a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Benchmark reissued a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, April 22nd. B. Riley decreased their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Finally, StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Arch Resources presently has a consensus rating of “Hold” and an average target price of $177.00.

Insider Activity

In related news, VP Paul T. Demzik sold 3,522 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $175.00, for a total value of $616,350.00. Following the completion of the transaction, the vice president now owns 5,715 shares of the company’s stock, valued at $1,000,125. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Arch Resources news, VP John A. Ziegler sold 148 shares of Arch Resources stock in a transaction on Friday, February 9th. The shares were sold at an average price of $172.33, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul T. Demzik sold 3,522 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $175.00, for a total value of $616,350.00. Following the sale, the vice president now owns 5,715 shares of the company’s stock, valued at approximately $1,000,125. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,884 shares of company stock valued at $18,332,042. Corporate insiders own 5.90% of the company’s stock.

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.