Raymond James Financial Services Advisors Inc. Trims Stake in Arch Resources, Inc. (NYSE:ARCH)

Raymond James Financial Services Advisors Inc. lowered its position in Arch Resources, Inc. (NYSE:ARCH) by 49.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,629 shares of the energy company’s stock after selling 3,553 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Arch Resources were worth $602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Advisor Group Holdings Inc. raised its stake in shares of Arch Resources by 2.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock valued at $325,000 after acquiring an additional 67 shares during the period. Covestor Ltd raised its stake in shares of 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 acquiring an additional 70 shares during the period. Captrust Financial Advisors raised its stake in shares of Arch Resources by 113.8% in the second quarter. Captrust Financial Advisors now owns 295 shares of the energy company’s stock valued at $42,000 after acquiring an additional 157 shares during the period. Cetera Advisors LLC raised its stake in shares of Arch Resources by 9.2% in the fourth quarter. Cetera Advisors LLC now owns 1,941 shares of the energy company’s stock valued at $277,000 after acquiring an additional 164 shares during the period. Finally, Amalgamated Bank raised its stake in shares of 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 acquiring an additional 187 shares during the period. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ARCH has been the topic of several recent analyst reports. StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Citigroup reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a research note on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Finally, B. Riley reduced their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research note on Monday. Three 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 stock currently has a consensus rating of “Hold” and a consensus target price of $177.00.

Insider Activity

In other news, VP Paul T. Demzik sold 4,451 shares of Arch Resources 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Paul T. Demzik sold 4,451 shares of Arch Resources 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman John W. Eaves sold 72,946 shares of Arch Resources stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the transaction, the chairman now directly owns 136,725 shares in the company, valued at approximately $25,298,226.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,335 shares of company stock worth $19,126,100. Corporate insiders own 5.40% of the company’s stock.

Arch Resources Stock Down 1.0 %

Shares of Arch Resources stock opened at $162.66 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. Arch Resources, Inc. has a 1 year low of $102.42 and a 1 year high of $187.60. The firm’s 50-day moving average is $164.88 and its two-hundred day moving average is $163.32. The stock 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 issued its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.90 by ($0.83). Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. During the same quarter in the previous year, the company earned $23.18 earnings per share. The firm’s revenue was down 9.9% on a year-over-year basis. As a group, research analysts expect that Arch Resources, Inc. will post 16.73 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, February 28th. 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.