Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 4.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,300 shares of the energy company’s stock after selling 237 shares during the quarter. Amalgamated Bank’s holdings in Arch Resources were worth $732,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Janney Montgomery Scott LLC increased its stake in Arch Resources by 17.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,390 shares of the energy company’s stock valued at $2,541,000 after buying an additional 2,760 shares during the period. FCG Investment Co bought a new position in shares of Arch Resources in the third quarter valued at approximately $1,005,000. Jade Capital Advisors LLC bought a new position in Arch Resources during the third quarter worth $691,000. Allspring Global Investments Holdings LLC increased its holdings in Arch Resources by 437.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company’s stock valued at $8,626,000 after buying an additional 50,819 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Arch Resources by 191.1% in the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after purchasing an additional 642 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. B. Riley reduced 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 report on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and raised their price target for the stock from $155.00 to $165.00 in a research report on Wednesday. Finally, StockNews.com began coverage on Arch Resources in a research note on Monday, November 11th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $173.60.

Insider Activity at Arch Resources

In other 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 value of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is currently owned by insiders.

Arch Resources Stock Up 0.5 %

Shares of NYSE:ARCH opened at $163.96 on Friday. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 17.33 and a beta of 0.59. The stock’s 50 day moving average is $141.05 and its 200-day moving average is $147.63. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60.

Arch Resources (NYSE:ARCH) last posted 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 the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.91 EPS. Equities research analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. Arch Resources’s payout ratio is currently 10.50%.

Arch Resources Company 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.