Arizona State Retirement System Reduces Position in Arch Resources, Inc. (NYSE:ARCH)

Arizona State Retirement System decreased its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,814 shares of the energy company’s stock after selling 237 shares during the quarter. Arizona State Retirement System’s holdings in Arch Resources were worth $799,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Advisor Group Holdings Inc. grew its holdings in shares of Arch Resources by 2.9% during the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock worth $325,000 after buying an additional 67 shares in the last quarter. Covestor Ltd grew its holdings in shares of Arch Resources by 61.4% during the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after buying an additional 70 shares in the last quarter. Unison Advisors LLC grew its holdings in shares of Arch Resources by 2.5% during the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after buying an additional 119 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Arch Resources by 113.8% during the 2nd quarter. Captrust Financial Advisors now owns 295 shares of the energy company’s stock valued at $42,000 after acquiring an additional 157 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in shares of Arch Resources by 9.2% during the 4th quarter. Cetera Advisors LLC now owns 1,941 shares of the energy company’s stock valued at $277,000 after acquiring an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of Arch Resources from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. BMO Capital Markets reissued a “market perform” rating and set a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, B. Riley lowered their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.75.

Insider Buying and Selling

In other news, Director Pamela R. Butcher bought 200 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the purchase, the director now owns 200 shares of the company’s stock, valued at $33,000. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Arch Resources news, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $185.03, for a total value of $13,497,198.38. Following the transaction, the chairman now directly owns 136,725 shares in the company, valued at $25,298,226.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela R. Butcher purchased 200 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was bought at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the completion of the purchase, the director now directly owns 200 shares of the company’s stock, valued at $33,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 106,043 shares of company stock worth $19,442,080. Company insiders own 5.90% of the company’s stock.

Arch Resources Stock Down 1.0 %

Shares of ARCH opened at $164.31 on Thursday. The stock has a market capitalization of $3.00 billion, a PE ratio of 6.83 and a beta of 0.68. Arch Resources, Inc. has a 1 year low of $102.42 and a 1 year high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. The company’s 50-day simple moving average is $165.05 and its 200-day simple moving average is $163.32.

Arch Resources (NYSE:ARCH) last released its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. During the same quarter in the previous year, the company posted $23.18 earnings per share. The firm’s quarterly revenue was down 9.9% on a year-over-year basis. Analysts forecast that Arch Resources, Inc. will post 19.22 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Arch Resources’s payout ratio is 4.16%.

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.