Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lowered its holdings in Arch Resources, Inc. (NYSE:ARCH) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,380 shares of the energy company’s stock after selling 1,500 shares during the period. Public Sector Pension Investment Board’s holdings in Arch Resources were worth $5,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARCH. Intech Investment Management LLC bought a new stake in shares of Arch Resources in the 3rd quarter worth approximately $1,488,000. Comerica Bank boosted its holdings in shares of Arch Resources by 29.6% during the first quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock valued at $3,626,000 after acquiring an additional 5,153 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Arch Resources during the second quarter worth about $8,700,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Arch Resources by 437.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company’s stock worth $8,626,000 after acquiring an additional 50,819 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after purchasing an additional 58,821 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Stock Performance

Shares of ARCH stock opened at $171.92 on Monday. The stock has a market cap of $3.11 billion, a PE ratio of 18.06 and a beta of 0.59. The business’s fifty day moving average is $151.19 and its 200-day moving average is $148.32. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCH) last issued its quarterly 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). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same quarter last year, the firm posted $3.91 earnings per share. Arch Resources’s revenue was down 17.0% compared to the same quarter last year. Equities research analysts predict that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, November 15th. Arch Resources’s payout ratio is 10.50%.

Insider Buying and Selling

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ARCH shares. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. StockNews.com began coverage on Arch Resources in a research note on Wednesday, November 27th. They set a “hold” rating on the stock. Benchmark reissued a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Finally, B. Riley cut their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Arch Resources presently 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.