Fintel reports that Morgan Stanley has filed a 13G/A form with the SEC disclosing ownership of 0.31MM shares of Arch Resources Inc (ARCH). This represents 1.7% of the company.
In their previous filing dated February 10, 2022 they reported 1.27MM shares and 8.30% of the company, a decrease in shares of 75.55% and a decrease in total ownership of 6.60% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 31.36% Upside
As of February 8, 2023, the average one-year price target for Arch Resources is $193.12. The forecasts range from a low of $141.40 to a high of $232.05. The average price target represents an increase of 31.36% from its latest reported closing price of $147.02.
The projected annual revenue for Arch Resources is $3,191MM, a decrease of 12.24%. The projected annual EPS is $38.10, a decrease of 42.13%.
Fund Sentiment
There are 478 funds or institutions reporting positions in Arch Resources. This is a decrease of 7 owner(s) or 1.44%.
Average portfolio weight of all funds dedicated to US:ARCH is 0.4248%, an increase of 9.5938%. Total shares owned by institutions decreased in the last three months by 2.14% to 17,071K shares.
What are large shareholders doing?
Lsp Investment Advisors holds 661,395 shares representing 3.66% ownership of the company. In it's prior filing, the firm reported owning 583,844 shares, representing an increase of 11.73%. The firm increased its portfolio allocation in ARCH by 0.70% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 552,966 shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 455,247 shares, representing an increase of 17.67%. The firm increased its portfolio allocation in ARCH by 4.94% over the last quarter.
Condire Management holds 505,650 shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 347,490 shares, representing an increase of 31.28%. The firm increased its portfolio allocation in ARCH by 8.30% over the last quarter.
Goldman Sachs Group holds 498,708 shares representing 2.76% ownership of the company. In it's prior filing, the firm reported owning 362,896 shares, representing an increase of 27.23%. The firm increased its portfolio allocation in ARCH by 16.53% over the last quarter.
XME - SPDR Metals & Mining ETF holds 493,531 shares representing 2.73% ownership of the company. In it's prior filing, the firm reported owning 581,254 shares, representing a decrease of 17.77%. The firm decreased its portfolio allocation in ARCH by 9.11% over the last quarter.
Arch Resources Background Information
(This description is provided by the company.)
Arch Resources is a premier producer of high-quality metallurgical products for the global steel industry. Arch Resources operates large, modern and highly efficient mines that consistently set the industry standard for both mine safety and environmental stewardship.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
