Stifel Financial Corp Sells 88 Shares of Arch Resources, Inc. (NYSE:ARCH)

Stifel Financial Corp trimmed its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,490 shares of the energy company’s stock after selling 88 shares during the period. Stifel Financial Corp’s holdings in Arch Resources were worth $1,035,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its holdings in shares of Arch Resources by 6.5% in the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after purchasing an additional 137 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in Arch Resources by 5.4% in the 2nd quarter. Gallacher Capital Management LLC now owns 2,877 shares of the energy company’s stock valued at $438,000 after acquiring an additional 147 shares in the last quarter. KBC Group NV boosted its position in Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after acquiring an additional 172 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Arch Resources by 7.5% during the 2nd quarter. Bank of Montreal Can now owns 3,111 shares of the energy company’s stock worth $474,000 after acquiring an additional 217 shares in the last quarter. Finally, Accurate Wealth Management LLC raised its holdings in shares of Arch Resources by 3.1% in the third quarter. Accurate Wealth Management LLC now owns 9,277 shares of the energy company’s stock valued at $1,326,000 after purchasing an additional 277 shares during the last quarter. 88.14% of the stock is owned by institutional investors.

Arch Resources Stock Performance

Shares of ARCH stock opened at $138.55 on Tuesday. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 14.55 and a beta of 0.64. The firm’s 50-day moving average is $156.34 and its 200-day moving average is $146.84.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The business 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 quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.91 earnings per share. Sell-side analysts predict that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. Arch Resources’s dividend payout ratio is currently 10.50%.

Analyst Ratings Changes

Several brokerages recently commented on ARCH. B. Riley reduced their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. StockNews.com began coverage on shares of Arch Resources in a research note on Saturday. They set a “hold” rating for the company. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and lifted their target price for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Finally, Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $173.60.

Insider Activity

In related news, VP Deck Slone sold 253 shares of Arch Resources 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 completion of the sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.90% of the company’s stock.

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.