Principal Financial Group Inc. Trims Position in Arch Resources, Inc. (NYSE:ARCH)

Principal Financial Group Inc. reduced its position in Arch Resources, Inc. (NYSE:ARCH) by 19.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 85,213 shares of the energy company’s stock after selling 20,050 shares during the period. Principal Financial Group Inc. owned about 0.47% of Arch Resources worth $11,773,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after acquiring an additional 99 shares during the period. Blue Trust Inc. raised its stake in Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after purchasing an additional 330 shares during the period. Innealta Capital LLC acquired a new position in shares of Arch Resources in the 2nd quarter valued at $55,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Arch Resources during the 1st quarter valued at $149,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Arch Resources during the 2nd quarter valued at $218,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.40% of the company’s stock.

Arch Resources Price Performance

Shares of ARCH opened at $164.14 on Monday. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The stock’s 50-day moving average is $141.93 and its two-hundred day moving average is $147.54. The stock has a market cap of $2.97 billion, a PE ratio of 17.24 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last announced its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.91 earnings per share. On average, research analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and lifted their target price for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. B. Riley reduced their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Finally, StockNews.com began coverage on shares of Arch Resources in a report on Monday, November 11th. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $173.60.

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.