Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lowered its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,814 shares of the energy company’s stock after selling 237 shares during the quarter. Arizona State Retirement System’s holdings in Arch Resources were worth $799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Maple Rock Capital Partners Inc. grew its holdings in shares of Arch Resources by 15,612.6% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 350,739 shares of the energy company’s stock worth $46,108,000 after purchasing an additional 353,000 shares during the period. Vanguard Group Inc. grew its holdings in shares of Arch Resources by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,817,571 shares of the energy company’s stock worth $215,564,000 after purchasing an additional 282,345 shares during the period. BlackRock Inc. grew its holdings in shares of Arch Resources by 24.4% during the 2nd quarter. BlackRock Inc. now owns 1,261,637 shares of the energy company’s stock worth $142,262,000 after purchasing an additional 247,238 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Arch Resources by 10,789.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 248,939 shares of the energy company’s stock worth $48,000 after purchasing an additional 246,653 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Arch Resources by 1,196.2% during the 3rd quarter. Victory Capital Management Inc. now owns 261,725 shares of the energy company’s stock worth $44,666,000 after purchasing an additional 241,534 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Performance

Arch Resources stock opened at $164.31 on Thursday. The stock has a market cap of $3.00 billion, a P/E ratio of 6.83 and a beta of 0.68. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $165.05 and a 200-day moving average of $163.32. Arch Resources, Inc. has a 52 week low of $102.42 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last released its earnings results on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). The business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $23.18 earnings per share. On average, analysts expect that Arch Resources, Inc. will post 19.22 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Wednesday, February 28th. Arch Resources’s dividend payout ratio (DPR) is currently 4.16%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARCH. B. Riley decreased their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Citigroup upped their price target on Arch Resources from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.75.

Insider Activity

In other news, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the transaction, the chairman now directly owns 136,725 shares in the company, valued at approximately $25,298,226.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Chairman John W. Eaves sold 72,946 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the sale, the chairman now directly owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Rosemary L. Klein sold 1,708 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $185.00, for a total value of $315,980.00. Following the sale, the vice president now directly owns 6,449 shares in the company, valued at $1,193,065. The disclosure for this sale can be found here. In the last three months, insiders sold 106,043 shares of company stock worth $19,442,080. 5.90% of the stock is currently owned by insiders.

About Arch Resources

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.