Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,884 shares of the energy company’s stock after selling 1,217 shares during the period. Rhumbline Advisers owned 0.26% of Arch Resources worth $7,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank purchased a new position in shares of Arch Resources in the 4th quarter valued at approximately $5,642,000. Dimensional Fund Advisors LP grew its stake in shares of Arch Resources by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 918,052 shares of the energy company’s stock valued at $152,343,000 after purchasing an additional 23,959 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Arch Resources by 23.7% in the 4th quarter. Principal Financial Group Inc. now owns 13,940 shares of the energy company’s stock valued at $2,313,000 after purchasing an additional 2,675 shares during the last quarter. Boston Partners grew its stake in shares of Arch Resources by 107.0% in the 4th quarter. Boston Partners now owns 13,803 shares of the energy company’s stock valued at $2,290,000 after purchasing an additional 7,136 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Arch Resources in the 4th quarter valued at approximately $242,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ARCH. B. Riley decreased their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. StockNews.com began coverage on Arch Resources in a research note on Sunday, September 8th. They issued a “hold” rating on the stock. Finally, Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Arch Resources currently has a consensus rating of “Hold” and a consensus price target of $175.75.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $128.25 on Friday. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The business has a 50-day moving average of $136.86 and a 200-day moving average of $153.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 7.54 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.50). The business had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company’s revenue was down 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.04 EPS. On average, equities analysts anticipate that Arch Resources, Inc. will post 10.73 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is 5.88%.

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.