Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in Arch Resources, Inc. (NYSE:ARCH) by 19.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,213 shares of the energy company’s stock after selling 20,050 shares during the period. Principal Financial Group Inc. owned 0.47% of Arch Resources worth $11,773,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ARCH. Quest Partners LLC bought a new stake in shares of Arch Resources in the 3rd quarter valued at approximately $50,000. KBC Group NV boosted its holdings in Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after purchasing an additional 172 shares during the period. Blue Trust Inc. increased its stake in Arch Resources by 191.1% during the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after purchasing an additional 642 shares during the last quarter. Westchester Capital Management LLC acquired a new stake in shares of Arch Resources during the third quarter worth $157,000. Finally, Mackenzie Financial Corp bought a new position in shares of Arch Resources in the 2nd quarter worth about $218,000. 88.14% of the stock is currently owned by institutional investors.

Arch Resources Price Performance

ARCH opened at $136.56 on Monday. The stock’s 50 day moving average price is $155.75 and its 200 day moving average price is $145.93. The stock has a market cap of $2.47 billion, a P/E ratio of 14.34 and a beta of 0.64. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60.

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

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio is currently 10.50%.

Insider Activity

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were 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 directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. B. Riley dropped their price objective 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. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and increased their price target for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. StockNews.com began coverage on Arch Resources in a research report on Sunday. They set a “hold” rating for the company. Finally, Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Arch Resources currently has an average rating of “Hold” and an average target price of $173.60.

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.