Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lowered its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,228 shares of the energy company’s stock after selling 113 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Arch Resources were worth $1,531,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ARCH. PM CAPITAL Ltd acquired a new stake in shares of Arch Resources during the third quarter valued at $17,764,000. Accurate Wealth Management LLC boosted its stake in shares of Arch Resources by 29.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 10,063 shares of the energy company’s stock worth $1,596,000 after purchasing an additional 2,276 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Arch Resources by 16.9% during the 3rd quarter. Raymond James & Associates now owns 2,442 shares of the energy company’s stock worth $417,000 after purchasing an additional 353 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Arch Resources by 87.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,182 shares of the energy company’s stock worth $1,226,000 after buying an additional 3,344 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Arch Resources in the third quarter valued at approximately $576,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

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 stock was sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the transaction, the vice president now owns 2,192 shares in the company, valued at approximately $391,052.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Arch Resources news, VP Paul T. Demzik sold 3,522 shares of Arch Resources stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $175.00, for a total value of $616,350.00. Following the completion of the transaction, the vice president now directly owns 5,715 shares in the company, valued at $1,000,125. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Paul T. Demzik sold 4,451 shares of the company’s 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 directly owns 2,192 shares of the company’s stock, valued at $391,052.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,335 shares of company stock worth $19,126,100. 5.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ARCH. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Monday. Citigroup restated a “neutral” rating and set a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 target price (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, B. Riley lowered their price target on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $177.00.

Arch Resources Stock Up 0.3 %

NYSE ARCH traded up $0.46 during mid-day trading on Wednesday, reaching $157.20. 114,645 shares of the company’s stock traded hands, compared to its average volume of 468,408. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 1-year low of $102.42 and a 1-year high of $187.60. The company has a fifty day simple moving average of $164.30 and a 200-day simple moving average of $163.62. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 6.52 and a beta of 0.68.

Arch Resources (NYSE:ARCH) last released its 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 business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $23.18 earnings per share. As a group, equities research analysts expect that Arch Resources, Inc. will post 14.84 EPS for the current year.

Arch Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Wednesday, February 28th. 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.