SVB Wealth LLC Reduces Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

SVB Wealth LLC decreased its position in Arch Resources, Inc. (NYSE:ARCH) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,393 shares of the energy company’s stock after selling 139 shares during the period. SVB Wealth LLC’s holdings in Arch Resources were worth $231,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ARCH. Covestor Ltd lifted its stake in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after purchasing an additional 70 shares during the last quarter. CVA Family Office LLC bought a new stake in Arch Resources during the 4th quarter valued at $38,000. JTC Employer Solutions Trustee Ltd bought a new stake in Arch Resources during the 4th quarter valued at $52,000. Acadian Asset Management LLC bought a new stake in Arch Resources during the 3rd quarter valued at $65,000. Finally, GW Henssler & Associates Ltd. bought a new stake in Arch Resources during the 3rd quarter valued at $247,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Trading Down 1.1 %

Arch Resources stock opened at $161.34 on Tuesday. The stock has a market cap of $2.94 billion, a P/E ratio of 6.71 and a beta of 0.68. Arch Resources, Inc. has a fifty-two week low of $102.42 and a fifty-two week high of $187.60. The firm’s fifty day moving average price is $164.57 and its 200-day moving average price is $163.61. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share for the quarter, missing the consensus estimate of $6.90 by ($0.83). The firm had revenue of $774.00 million during the quarter, compared to the consensus estimate of $704.53 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The company’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the previous year, the company posted $23.18 EPS. Equities research analysts forecast that Arch Resources, Inc. will post 14.84 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. Arch Resources’s dividend payout ratio is presently 4.16%.

Insider Activity at Arch Resources

In related news, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total value of $13,497,198.38. Following the transaction, the chairman now owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Arch Resources news, VP John A. Ziegler sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $184.15, for a total transaction of $2,762,250.00. Following the completion of the sale, the vice president now directly owns 18,618 shares in the company, valued at $3,428,504.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman John W. Eaves sold 72,946 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the sale, the chairman now owns 136,725 shares of the company’s stock, valued at $25,298,226.75. The disclosure for this sale can be found here. Insiders have sold a total of 104,335 shares of company stock valued at $19,126,100 over the last 90 days. 5.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets reissued a “market perform” rating and set a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday. 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 report on Monday, April 15th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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.