Strs Ohio Cuts Position in Arch Resources, Inc. (NYSE:ARCH)

Strs Ohio lessened its holdings in Arch Resources, Inc. (NYSE:ARCH) by 41.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,300 shares of the energy company’s stock after selling 3,100 shares during the period. Strs Ohio’s holdings in Arch Resources were worth $713,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stratos Wealth Advisors LLC boosted its stake in shares of Arch Resources by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after buying an additional 63 shares during the last quarter. Covestor Ltd raised its holdings in shares of Arch Resources by 61.4% in the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after purchasing an additional 70 shares during the period. Unison Advisors LLC raised its holdings in shares of Arch Resources by 2.5% in the 4th quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after purchasing an additional 119 shares during the period. Amalgamated Bank raised its holdings in shares of Arch Resources by 11.4% in the 3rd quarter. Amalgamated Bank now owns 1,826 shares of the energy company’s stock worth $312,000 after purchasing an additional 187 shares during the period. Finally, CVA Family Office LLC bought a new stake in shares of Arch Resources in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Insider Transactions at Arch Resources

In other news, Director Pamela R. Butcher purchased 200 shares of the firm’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 completion of the acquisition, the director now owns 200 shares in the company, valued at approximately $33,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Pamela R. Butcher purchased 200 shares of the firm’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 completion of the acquisition, the director now owns 200 shares in the company, valued at approximately $33,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John A. Ziegler sold 148 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the completion of the transaction, the vice president now directly owns 23,232 shares in the company, valued at approximately $4,003,570.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,335 shares of company stock valued at $19,126,100. 5.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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 report on Wednesday, April 10th. StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. B. Riley lowered their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a report on Monday, April 15th. Benchmark reaffirmed a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday. Finally, Citigroup reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $177.00.

Arch Resources Trading Up 3.9 %

Shares of ARCH stock opened at $165.40 on Friday. The company’s fifty day simple moving average is $163.99 and its two-hundred day simple moving average is $163.60. 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 stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 6.88 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 analysts’ consensus estimates of $6.90 by ($0.83). The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company’s revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $23.18 EPS. As a group, analysts anticipate that Arch Resources, Inc. will post 14.84 earnings per share for the current year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. Arch Resources’s payout ratio is currently 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.