Strs Ohio Sells 3,100 Shares of Arch Resources, Inc. (NYSE:ARCH)

Strs Ohio lowered its holdings in Arch Resources, Inc. (NYSE:ARCH) by 41.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,300 shares of the energy company’s stock after selling 3,100 shares during the quarter. Strs Ohio’s holdings in Arch Resources were worth $713,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ARCH. Stratos Wealth Advisors LLC raised its stake in shares of Arch Resources by 1.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after acquiring an additional 63 shares in the last quarter. Covestor Ltd raised its stake in shares of Arch Resources by 61.4% during the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after acquiring an additional 70 shares in the last quarter. Unison Advisors LLC raised its stake in shares of Arch Resources by 2.5% during the 4th quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after acquiring an additional 119 shares in the last quarter. Amalgamated Bank raised its stake in shares of Arch Resources by 11.4% during the 3rd quarter. Amalgamated Bank now owns 1,826 shares of the energy company’s stock worth $312,000 after acquiring an additional 187 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Arch Resources during the 4th quarter worth approximately $38,000. Institutional investors own 88.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. B. Riley reduced their price objective on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Monday. BMO Capital Markets reiterated a “market perform” rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Finally, Citigroup restated a “neutral” rating and set a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a research note 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $177.00.

Insider Transactions at Arch Resources

In related news, Chairman John W. Eaves sold 72,946 shares of the firm’s stock in a transaction on 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 in the company, valued at $25,298,226.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Arch Resources news, VP John A. Ziegler sold 15,000 shares of Arch Resources 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 transaction, the vice president now directly owns 18,618 shares of the company’s stock, valued at $3,428,504.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John W. Eaves sold 72,946 shares of Arch Resources stock in a transaction dated 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 transaction, the chairman now directly owns 136,725 shares in the company, valued at $25,298,226.75. The disclosure for this sale can be found here. Insiders have sold 104,335 shares of company stock worth $19,126,100 over the last 90 days. 5.40% of the stock is currently owned by company insiders.

Arch Resources Trading Up 3.9 %

Shares of Arch Resources stock opened at $165.40 on Friday. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 12-month low of $102.42 and a 12-month high of $187.60. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 6.88 and a beta of 0.68. The firm’s 50 day simple moving average is $163.99 and its two-hundred day simple moving average is $163.60.

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

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. Arch Resources’s payout ratio is currently 4.16%.

Arch Resources Company 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.