Sei Investments Co. Cuts Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Sei Investments Co. reduced its position in Arch Resources, Inc. (NYSE:ARCH) by 18.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,147 shares of the energy company’s stock after selling 2,727 shares during the period. Sei Investments Co. owned 0.07% of Arch Resources worth $1,849,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Arch Resources by 13.9% in the 1st 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 stake in Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after purchasing an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after purchasing an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its stake in Arch Resources by 3.0% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock worth $84,003,000 after purchasing an additional 15,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after purchasing an additional 59,072 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors.

Arch Resources Stock Performance

Shares of NYSE ARCH opened at $138.18 on Friday. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The company has a 50 day simple moving average of $130.26 and a two-hundred day simple moving average of $149.74. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 8.13 and a beta of 0.60.

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

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 0.72%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is 5.88%.

Analyst Upgrades and Downgrades

ARCH has been the subject of a number of recent analyst reports. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. B. Riley decreased their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, StockNews.com assumed coverage on shares of Arch Resources in a research note on Wednesday. They set a “hold” rating for the company. Three equities research 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 a consensus rating of “Hold” and a consensus price target of $175.75.

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.