Moran Wealth Management LLC Cuts Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Moran Wealth Management LLC lowered its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,429 shares of the energy company’s stock after selling 325 shares during the period. Moran Wealth Management LLC’s holdings in Arch Resources were worth $888,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Arch Resources by 13.9% in the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after acquiring an additional 286,359 shares during the period. Pacer Advisors Inc. grew its holdings in Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after buying an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Arch Resources by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after purchasing an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in shares of Arch Resources by 3.0% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock worth $84,003,000 after purchasing an additional 15,000 shares during the period. Finally, American Century Companies Inc. lifted its stake in Arch Resources by 14.1% in the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after purchasing an additional 59,072 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $174.20 on Friday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.30 and a beta of 0.59. 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 $145.66 and a two-hundred day moving average of $147.89.

Arch Resources (NYSE:ARCH) last issued 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 business’s revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.91 EPS. As a group, equities research analysts expect that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ARCH. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Monday. 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 note on Friday, September 6th. StockNews.com began coverage on shares of Arch Resources in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and boosted their target price for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $173.60.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.40% of the stock is currently owned by company insiders.

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.