Raymond James & Associates Trims Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Raymond James & Associates reduced its stake in Arch Resources, Inc. (NYSE:ARCH) by 11.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,154 shares of the energy company’s stock after selling 288 shares during the period. Raymond James & Associates’ holdings in Arch Resources were worth $357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd increased its stake in Arch Resources by 61.4% during the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after purchasing an additional 70 shares during the period. Amalgamated Bank boosted its holdings in Arch Resources by 11.4% in the third quarter. Amalgamated Bank now owns 1,826 shares of the energy company’s stock valued at $312,000 after purchasing an additional 187 shares in the last quarter. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Arch Resources in the fourth quarter valued at approximately $52,000. Acadian Asset Management LLC acquired a new stake in shares of Arch Resources in the third quarter valued at approximately $65,000. Finally, Arizona State Retirement System boosted its holdings in shares of Arch Resources by 8.2% in the third quarter. Arizona State Retirement System now owns 5,051 shares of the energy company’s stock valued at $862,000 after acquiring an additional 383 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Arch Resources Stock Performance

Shares of NYSE:ARCH opened at $164.42 on Monday. The company has a market cap of $3.00 billion, a P/E ratio of 9.67 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.64. Arch Resources, Inc. has a one year low of $102.42 and a one year high of $187.60. The business’s 50-day simple moving average is $164.08 and its 200 day simple moving average is $163.72.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, April 25th. The energy company reported $2.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.19. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The company had revenue of $680.19 million for the quarter, compared to the consensus estimate of $596.52 million. During the same period in the previous year, the business earned $10.02 EPS. Arch Resources’s revenue for the quarter was down 21.8% compared to the same quarter last year. On average, sell-side analysts forecast that Arch Resources, Inc. will post 14.5 earnings per share for the current fiscal year.

Arch Resources Cuts Dividend

The company also recently announced a None dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $1.11 dividend. The ex-dividend date is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s payout ratio is 5.88%.

Insider Transactions at Arch Resources

In related news, Director Pamela R. Butcher acquired 200 shares of Arch Resources stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the transaction, the director now directly owns 200 shares of the company’s stock, valued at approximately $33,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Pamela R. Butcher acquired 200 shares of Arch Resources stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the transaction, the director now directly owns 200 shares of the company’s stock, valued at approximately $33,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Paul T. Demzik sold 4,451 shares of the business’s stock in a transaction that occurred 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 owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,335 shares of company stock worth $19,126,100. 5.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ARCH has been the subject of several analyst reports. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, April 22nd. BMO Capital Markets reaffirmed 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. Citigroup reaffirmed a “neutral” rating and set a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. B. Riley decreased their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Finally, StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $177.00.

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.