Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 59.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,852 shares of the energy company’s stock after selling 2,748 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arch Resources were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ARCH. Resurgent Financial Advisors LLC acquired a new stake in shares of Arch Resources during the 4th quarter valued at about $29,000. Covestor Ltd grew its holdings in Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after purchasing an additional 70 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Arch Resources in the second quarter valued at approximately $32,000. CVA Family Office LLC acquired a new position in shares of Arch Resources during the 4th quarter worth approximately $38,000. Finally, CENTRAL TRUST Co purchased a new position in shares of Arch Resources during the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Analyst Ratings Changes

ARCH has been the subject of several recent analyst reports. BMO Capital Markets reissued a “market perform” rating and issued a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. B. Riley reduced their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday. Citigroup reiterated a “neutral” rating and set a $170.00 price objective (down from $185.00) on shares of Arch Resources in a research note on Thursday. Finally, StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a research report 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $177.00.

Insider Activity at Arch Resources

In other Arch Resources news, VP John A. Ziegler sold 148 shares of Arch Resources stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $172.33, for a total transaction of $25,504.84. Following the transaction, the vice president now directly owns 23,232 shares of the company’s stock, valued at $4,003,570.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total transaction of $794,058.40. Following the completion of the transaction, the vice president now directly owns 2,192 shares in the company, valued at approximately $391,052.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $172.33, for a total transaction of $25,504.84. Following the completion of the sale, the vice president now owns 23,232 shares in the company, valued at $4,003,570.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,335 shares of company stock valued at $19,126,100. 5.40% of the stock is owned by company insiders.

Arch Resources Stock Down 1.0 %

ARCH stock opened at $162.66 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. The firm has a 50-day moving average of $164.88 and a two-hundred day moving average of $163.32. Arch Resources, Inc. has a 12 month low of $102.42 and a 12 month high of $187.60. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 6.77 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results 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 analyst estimates of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. Arch Resources’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $23.18 EPS. As a group, analysts forecast that Arch Resources, Inc. will post 16.73 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. Arch Resources’s payout ratio is 4.16%.

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.