Matthew C. Giljum Sells 169 Shares of Arch Resources, Inc. (NYSE:ARCH) Stock

Arch Resources, Inc. (NYSE:ARCH) CFO Matthew C. Giljum sold 169 shares of Arch Resources stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $24,462.75. Following the sale, the chief financial officer now owns 40,005 shares of the company’s stock, valued at approximately $5,790,723.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Arch Resources Price Performance

NYSE:ARCH opened at $145.21 on Thursday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 8.54 and a beta of 0.60. 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 simple moving average of $131.22 and a 200-day simple moving average of $148.69. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million during the quarter, compared to analysts’ expectations of $562.23 million. During the same quarter in the previous year, the company posted $4.04 earnings per share. The company’s quarterly revenue was down 19.6% compared to the same quarter last year. Equities analysts forecast that Arch Resources, Inc. will post 8.62 EPS for the current year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. Arch Resources’s payout ratio is 5.88%.

Wall Street Analyst Weigh In

A number of brokerages have commented on ARCH. Benchmark reaffirmed a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. StockNews.com assumed coverage on Arch Resources in a research note on Thursday, October 10th. They issued a “hold” rating for the company. Finally, B. Riley reduced their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Three 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 company presently has a consensus rating of “Hold” and a consensus price target of $175.75.

Institutional Investors Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently modified their holdings of ARCH. Nisa Investment Advisors LLC increased its holdings in Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after purchasing an additional 90 shares during the period. CWM LLC increased its holdings in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares during the period. AlphaMark Advisors LLC increased its holdings in Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after purchasing an additional 121 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after purchasing an additional 127 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Arch Resources by 6.5% during the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after purchasing an additional 137 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.