ProShare Advisors LLC Cuts Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

ProShare Advisors LLC cut its stake in Arch Resources, Inc. (NYSE:ARCH) by 23.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,775 shares of the energy company’s stock after selling 864 shares during the period. ProShare Advisors LLC’s holdings in Arch Resources were worth $422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after purchasing an additional 286,359 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after acquiring an additional 119,505 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Arch Resources by 681.4% in the 1st quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company’s stock valued at $17,515,000 after acquiring an additional 94,989 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Arch Resources in the 2nd quarter valued at about $11,813,000. Finally, American Century Companies Inc. raised its position in shares of Arch Resources by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after acquiring an additional 59,072 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Arch Resources Trading Down 1.6 %

Shares of Arch Resources stock opened at $135.90 on Wednesday. The company’s fifty day moving average is $130.72 and its two-hundred day moving average is $150.21. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market capitalization of $2.46 billion, a P/E ratio of 7.99 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same quarter last year, the firm earned $4.04 EPS. The business’s revenue was down 19.6% on a year-over-year basis. Analysts forecast that Arch Resources, Inc. will post 10.73 earnings per share for the current year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio is presently 5.88%.

Analyst Upgrades and Downgrades

ARCH has been the topic of several research analyst reports. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. StockNews.com began coverage on Arch Resources in a research report on Wednesday. They set a “hold” rating on the stock. Finally, Benchmark reissued a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $175.75.

Arch Resources 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.