Vanguard Group Inc. Sells 55,815 Shares of Arch Resources, Inc. (NYSE:ARCH)

Vanguard Group Inc. reduced its stake in Arch Resources, Inc. (NYSE:ARCH) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,842,115 shares of the energy company’s stock after selling 55,815 shares during the quarter. Vanguard Group Inc. owned about 10.03% of Arch Resources worth $314,375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Resurgent Financial Advisors LLC bought a new position in Arch Resources in the 4th quarter valued at approximately $29,000. Covestor Ltd lifted its holdings in shares of Arch Resources by 61.4% during the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after buying an additional 70 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Arch Resources during the 2nd quarter valued at $32,000. CENTRAL TRUST Co bought a new position in shares of Arch Resources during the 3rd quarter valued at $39,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Arch Resources by 113.8% during the 2nd quarter. Captrust Financial Advisors now owns 295 shares of the energy company’s stock valued at $42,000 after buying an additional 157 shares during the period. 88.14% of the stock is owned by institutional investors.

Arch Resources Trading Up 2.7 %

NYSE:ARCH opened at $162.40 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 6.76 and a beta of 0.68. Arch Resources, Inc. has a one year low of $102.42 and a one year high of $187.60. The business has a fifty day moving average price of $170.78 and a 200-day moving average price of $163.39.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). The company had revenue of $774.00 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $23.18 earnings per share. Sell-side analysts forecast that Arch Resources, Inc. will post 19.78 EPS for the current year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 yield of 0.62%. Arch Resources’s payout ratio is presently 4.16%.

Insiders Place Their Bets

In other news, Director James N. Chapman sold 2,005 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the transaction, the director now owns 1,219 shares in the company, valued at $224,393.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director James N. Chapman sold 2,005 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the transaction, the director now owns 1,219 shares in the company, valued at $224,393.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela R. Butcher acquired 200 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $165.00 per share, with a total value of $33,000.00. Following the transaction, the director now owns 200 shares of the company’s stock, valued at $33,000. The disclosure for this purchase can be found here. In the last quarter, insiders sold 107,611 shares of company stock worth $19,716,747. Corporate insiders own 5.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets reissued an “outperform” rating and set a $180.00 price target on shares of Arch Resources in a report on Wednesday. Finally, B. Riley lowered their price target on Arch Resources from $232.00 to $223.00 and set a “buy” rating on the stock in a report on Friday, February 16th.

About Arch Resources

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.