Arch Resources, Inc. (NYSE:ARCH) Stock Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 94.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,582 shares of the energy company’s stock after selling 325,334 shares during the period. Victory Capital Management Inc.’s holdings in Arch Resources were worth $2,567,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. increased its position in shares of Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares during the period. Innealta Capital LLC acquired a new position in shares of Arch Resources during the 2nd quarter valued at $55,000. Virtus Investment Advisers Inc. acquired a new position in shares of Arch Resources during the 1st quarter valued at $149,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Arch Resources during the 2nd quarter valued at $218,000. Institutional investors own 88.14% of the company’s stock.

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of Arch Resources 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 owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.

Analyst Upgrades and Downgrades

ARCH has been the topic of several research analyst reports. B. Riley lowered their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. 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 research report on Wednesday, November 13th. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com initiated coverage on Arch Resources in a report on Tuesday, November 19th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Trading Down 0.6 %

Shares of ARCH stock opened at $173.64 on Friday. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 18.24 and a beta of 0.59. The stock’s fifty day simple moving average is $146.57 and its 200-day simple moving average is $147.90.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. During the same quarter in the prior year, the firm posted $3.91 EPS. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. On average, sell-side analysts predict that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

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

Arch Resources Company 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.