Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 5.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,201 shares of the energy company’s stock after selling 838 shares during the period. Thrivent Financial for Lutherans’ holdings in Arch Resources were worth $1,962,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in shares of Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after buying an additional 119,505 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Arch Resources during the 2nd quarter worth about $11,813,000. American Century Companies Inc. raised its holdings in Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after buying an additional 59,072 shares during the period. Dimensional Fund Advisors LP lifted its position in Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Arch Resources during the second quarter worth about $8,700,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Performance

Shares of ARCH opened at $173.36 on Friday. The company has a market capitalization of $3.14 billion, a PE ratio of 18.21 and a beta of 0.59. The stock has a fifty day moving average of $150.32 and a two-hundred day moving average of $148.36. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.91 earnings per share. As a group, equities research analysts forecast that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The business 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. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Arch Resources’s payout ratio is currently 10.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ARCH shares. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and upped their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. B. Riley dropped their target price 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. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com assumed coverage on Arch Resources in a research report on Wednesday. They issued a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $173.60.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.90% of the stock is currently owned by corporate insiders.

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.