Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its position in Arch Resources, Inc. (NYSE:ARCH) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,039 shares of the energy company’s stock after selling 896 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Arch Resources worth $2,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ARCH. Janney Montgomery Scott LLC raised its holdings in Arch Resources by 94.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock valued at $2,249,000 after acquiring an additional 6,778 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Arch Resources by 9.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after buying an additional 16,273 shares during the period. Natixis acquired a new stake in Arch Resources in the 1st quarter worth about $2,892,000. Denali Advisors LLC purchased a new stake in Arch Resources in the 1st quarter valued at about $2,428,000. Finally, Vanguard Group Inc. increased its stake in shares of Arch Resources by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock valued at $342,037,000 after acquiring an additional 219,094 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Wall Street Analyst Weigh In

ARCH has been the subject of a number of recent analyst reports. StockNews.com started coverage on shares of Arch Resources in a report on Wednesday. They issued a “hold” rating for the company. B. Riley lowered their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $175.75.

Arch Resources Trading Down 1.6 %

Shares of ARCH stock opened at $135.90 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm’s 50 day moving average price is $130.72 and its two-hundred day moving average price is $150.21. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 7.99 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last posted its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The business had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. During the same quarter in the previous year, the firm posted $4.04 EPS. The business’s revenue was down 19.6% compared to the same quarter last year. On average, analysts anticipate that Arch Resources, Inc. will post 10.73 EPS for the current year.

Arch Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. Arch Resources’s dividend payout ratio (DPR) is currently 5.88%.

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.