Arch Resources, Inc. (NYSE:ARCH) Holdings Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in Arch Resources, Inc. (NYSE:ARCH) by 32.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,121 shares of the energy company’s stock after selling 5,324 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Arch Resources worth $1,693,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Arch Resources by 94.0% in the first quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock valued at $2,249,000 after acquiring an additional 6,778 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Arch Resources by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock valued at $30,345,000 after purchasing an additional 16,273 shares in the last quarter. Natixis acquired a new position in shares of Arch Resources during the 1st quarter valued at $2,892,000. Denali Advisors LLC bought a new stake in shares of Arch Resources in the 1st quarter worth $2,428,000. Finally, Vanguard Group Inc. raised its stake in shares of Arch Resources by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock worth $342,037,000 after buying an additional 219,094 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Analysts Set New Price Targets

ARCH has been the subject of several research reports. StockNews.com started coverage on Arch Resources in a research note on Tuesday. They set 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 research note on Friday, July 26th. Finally, B. Riley dropped their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Three equities 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.com, the company has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Trading Up 4.9 %

NYSE:ARCH opened at $134.64 on Wednesday. The stock has a fifty day simple moving average of $132.33 and a 200 day simple moving average of $151.29. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 7.92 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 company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last released its 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 firm had revenue of $608.75 million during the quarter, compared to analysts’ expectations of $562.23 million. During the same period last year, the business earned $4.04 earnings per share. The business’s revenue was down 19.6% on a year-over-year basis. Sell-side analysts forecast that Arch Resources, Inc. will post 10.73 earnings per share for the current year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is currently 5.88%.

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.