Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 49.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,629 shares of the energy company’s stock after selling 3,553 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Arch Resources were worth $602,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ARCH. Advisor Group Holdings Inc. raised its holdings in Arch Resources by 2.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock valued at $325,000 after acquiring an additional 67 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Arch Resources by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company’s stock valued at $10,823,000 after acquiring an additional 4,910 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Arch Resources by 58.0% in the first quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company’s stock valued at $1,125,000 after acquiring an additional 3,007 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Arch Resources by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company’s stock valued at $71,366,000 after acquiring an additional 14,434 shares in the last quarter. Finally, Ergoteles LLC acquired a new stake in Arch Resources in the first quarter valued at approximately $619,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Insider Transactions at Arch Resources

In other Arch Resources news, Director Pamela R. Butcher bought 200 shares of the stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the transaction, the director now owns 200 shares in the company, valued at approximately $33,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Paul T. Demzik sold 4,451 shares of Arch Resources stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the transaction, the vice president now directly owns 2,192 shares in the company, valued at approximately $391,052.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Pamela R. Butcher acquired 200 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the transaction, the director now owns 200 shares in the company, valued at $33,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 104,335 shares of company stock worth $19,126,100. Insiders own 5.40% of the company’s stock.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $162.66 on Friday. The firm has a market capitalization of $2.97 billion, a P/E ratio of 6.77 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 company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $164.88 and its two-hundred day moving average is $163.32.

Arch Resources (NYSE:ARCH) last announced its quarterly 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 company had revenue of $774.00 million during 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 revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $23.18 earnings per share. Research analysts forecast that Arch Resources, Inc. will post 16.73 EPS for the current fiscal year.

Arch Resources Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ARCH shares. Citigroup reaffirmed a “neutral” rating and issued a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a report on Thursday. B. Riley reduced their target price on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $177.00.

Arch Resources 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.