Thrivent Financial for Lutherans Sells 838 Shares of Arch Resources, Inc. (NYSE:ARCH)

Thrivent Financial for Lutherans decreased its position in Arch Resources, Inc. (NYSE:ARCH) by 5.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,201 shares of the energy company’s stock after selling 838 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Arch Resources worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC increased its position in shares of Arch Resources by 12.1% in the third quarter. Empowered Funds LLC now owns 68,024 shares of the energy company’s stock valued at $9,398,000 after acquiring an additional 7,364 shares during the period. Royce & Associates LP raised its position in Arch Resources by 137.2% in the 3rd quarter. Royce & Associates LP now owns 10,817 shares of the energy company’s stock worth $1,494,000 after buying an additional 6,256 shares during the last quarter. KBC Group NV raised its position in Arch Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after buying an additional 172 shares during the last quarter. Regal Partners Ltd raised its position in Arch Resources by 23.5% in the 3rd quarter. Regal Partners Ltd now owns 163,105 shares of the energy company’s stock worth $22,535,000 after buying an additional 31,076 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in Arch Resources by 44.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,107 shares of the energy company’s stock worth $2,225,000 after buying an additional 4,986 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ARCH. B. Riley cut their price target 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. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and boosted their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. StockNews.com began coverage on Arch Resources in a research note on Wednesday. They set a “hold” rating for the company. Finally, Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Price Performance

ARCH stock opened at $173.36 on Friday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 18.21 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 simple moving average of $150.32 and a two-hundred day simple moving average of $148.36.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.91 EPS. Sell-side analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Arch Resources’s dividend payout ratio is presently 10.50%.

Insider Activity

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.90% of the company’s stock.

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.