Janney Montgomery Scott LLC Sells 2,481 Shares of Arch Resources, Inc. (NYSE:ARCH)

Janney Montgomery Scott LLC lowered its stake in Arch Resources, Inc. (NYSE:ARCH) by 13.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,909 shares of the energy company’s stock after selling 2,481 shares during the period. Janney Montgomery Scott LLC’s holdings in Arch Resources were worth $2,247,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ARCH. GAMMA Investing LLC boosted its position in shares of Arch Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after acquiring an additional 143 shares during the period. KBC Group NV raised its stake in Arch Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after purchasing an additional 172 shares in the last quarter. Bank of Montreal Can boosted its holdings in Arch Resources by 7.5% in the 2nd quarter. Bank of Montreal Can now owns 3,111 shares of the energy company’s stock valued at $474,000 after purchasing an additional 217 shares during the period. Sanctuary Advisors LLC grew its position in shares of Arch Resources by 10.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock worth $353,000 after purchasing an additional 238 shares in the last quarter. Finally, Accurate Wealth Management LLC increased its holdings in shares of Arch Resources by 3.1% during the third quarter. Accurate Wealth Management LLC now owns 9,277 shares of the energy company’s stock worth $1,326,000 after purchasing an additional 277 shares during the period. 88.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ARCH shares. StockNews.com initiated coverage on shares of Arch Resources in a research report on Thursday. They issued a “hold” rating for the company. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Jefferies Financial Group upgraded shares of Arch Resources from a “hold” rating to a “buy” rating and dropped their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Piper Sandler upgraded shares of Arch Resources from a “neutral” rating to an “overweight” rating and reduced their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Arch Resources presently has an average rating of “Moderate Buy” and an average price target of $167.17.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $134.83 on Friday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The stock’s 50-day simple moving average is $146.15 and its 200 day simple moving average is $142.46.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. Arch Resources’s revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.91 EPS. Equities research analysts forecast that Arch Resources, Inc. will post 5.02 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio is currently 10.50%.

About Arch Resources

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.