Impala Asset Management LLC, a prominent institutional investor, has disclosed that it has significantly reduced its holdings in Arch Resources, Inc. during the first quarter of this year. According to the 13F filing submitted to the Securities and Exchange Commission, Impala Asset Management sold off approximately 41.4% of its shares in the energy company. This move resulted in the institutional investor now owning 34,000 shares of Arch Resources after selling 24,000 shares during the quarter.
This reduction in holdings has had an impact on Impala Asset Management’s overall portfolio composition. As of the end of the most recent quarter, Arch Resources accounted for around 3.8% of Impala Asset Management’s holdings. While still significant, this places Arch Resources as the 11th largest position within their portfolio.
In terms of market value, Impala Asset Management owned approximately $4,470,000 worth of Arch Resources’ stock at the end of the first quarter. Considering its relatively large position within Impala Asset Management’s portfolio, it becomes evident that their decision to reduce holdings in Arch Resources is noteworthy.
It is crucial to note that Arch Resources recently made an announcement regarding its dividend distribution plans. The company declared a None dividend which is scheduled to be paid on Friday, September 15th. Shareholders on record as of Thursday, August 31st will receive a dividend payout per share amounting to $3.97. This represents a yield of approximately 0.8%, which indicates positive news for investors.
Of particular significance is the fact that this None dividend marks an improvement compared to Arch Resources’ previous dividend payout of $2.45 per share. This demonstrates growth and stability within the company.
Investors interested in benefiting from this dividend should take note that the ex-dividend date for this distribution was Wednesday, August 30th.
As it currently stands with its dividend payout ratio standing at a modest 2.18%, Arch Resources is allocating a reasonable portion of its earnings to rewarding its shareholders directly.
Impala Asset Management’s decision to reduce holdings in Arch Resources, along with the recent dividend announcement, sheds light on how these developments may affect the energy company’s market position and shareholder value. It will be interesting to observe how these events impact both Impala Asset Management and Arch Resources as they navigate through the ever-changing financial landscape.
Atmos Energy Corporation
ATO
Strong Buy
Updated on: 04/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors Make Notable Moves with Stakes in Arch Resources Amidst Market Fluctuations and Economic Uncertainties
Institutional investors have been making notable moves with regards to their stakes in Arch Resources, a renowned energy company. Resurgent Financial Advisors LLC has recently acquired shares of Arch Resources, adding to its current portfolio. The value of this new stake is estimated at approximately $29,000. Additionally, Point72 Hong Kong Ltd has also purchased a new stake in the company during the second quarter, worth around $32,000.
The trend continues with CENTRAL TRUST Co, as it acquired shares of Arch Resources in the third quarter valued at $39,000. Clear Street Markets LLC also took part in this investment activity by purchasing shares worth $40,000 in the first quarter. Finally, Captrust Financial Advisors significantly increased its stake in Arch Resources by 113.8% during the second quarter. After purchasing an additional 157 shares last quarter, Captrust Financial Advisors now owns 295 shares of the energy company’s stock valued at $42,000. It is important to note that hedge funds and other institutional investors currently own approximately 85.03% of the stock.
Amidst these developments within the investor landscape surrounding Arch Resources, various research reports have been published on the company. StockNews.com recently began coverage on Arch Resources and assigned it a “hold” rating in their research report released on August 17th. Meanwhile, B. Riley reaffirmed a “buy” rating for Arch Resources and set a price target of $195.00 in their report from July 31st.
On Wednesday morning, shares of Arch Resources opened at $143.19 on the stock market exchange. Over the past year, the share price has ranged between a low of $102.42 and a high of $167.68. As for its moving averages, the fifty-day simple moving average stands at $127.52 while the two hundred-day simple moving average is slightly higher at $126.57.
Examining the financials, Arch Resources boasts a debt-to-equity ratio of 0.08, indicating a favorable financial position. The company’s current ratio stands at 2.43, demonstrating its ability to cover short-term obligations with its current assets. Additionally, the quick ratio of 1.65 indicates that the company possesses sufficient liquid assets to meet immediate financial needs.
In terms of market performance, Arch Resources currently has a market capitalization of $2.60 billion. The stock’s price-earnings (PE) ratio stands at 3.12, implying that the company’s shares may be undervalued relative to its earnings potential. Furthermore, Arch Resources bears a beta value of 0.70, which suggests that its stock is less volatile compared to the broader market.
Arch Resources last reported its earnings results on July 27th, revealing that it achieved earnings per share (EPS) of $4.04 for the quarter. However, this figure fell short of analysts’ consensus estimate of $5.82 by $1.78 per share. Despite this miss in expectations, the company recorded revenue amounting to $757.29 million for the quarter, surpassing analysts’ expectations of $670.17 million.
It is worth mentioning that Arch Resources experienced a decrease in revenue for the quarter compared to the same period last year—specifically, a decline of 33.2%. Despite this setback, the company maintains an impressive net margin of 27.67%, and its return on equity stands at an exceptional rate of 68.14%. As industry analysts project forward, they anticipate that Arch Resources will post earnings per share (EPS) totaling approximately $24.61 for the current fiscal year.
As we analyze these recent activities and financial indicators associated with Arch Resources Inc., it becomes clear that institutional investors are carefully navigating their positions within this energy company amidst market fluctuations and economic uncertainties.
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