Victory Capital Management Inc. Trims Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Victory Capital Management Inc. cut its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 94.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,582 shares of the energy company’s stock after selling 325,334 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Arch Resources worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ARCH. Vanguard Group Inc. lifted its position in Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after buying an additional 286,359 shares during the period. American International Group Inc. lifted its position in Arch Resources by 8.7% during the first quarter. American International Group Inc. now owns 9,729 shares of the energy company’s stock worth $1,564,000 after buying an additional 775 shares during the period. CANADA LIFE ASSURANCE Co purchased a new position in Arch Resources during the first quarter worth about $2,270,000. Magnetar Financial LLC purchased a new position in Arch Resources during the first quarter worth about $383,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Arch Resources by 6.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,741 shares of the energy company’s stock worth $1,728,000 after buying an additional 690 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Arch Resources Trading Down 0.6 %

Shares of ARCH opened at $173.64 on Friday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 18.24 and a beta of 0.59. The stock has a 50 day moving average of $146.57 and a 200-day moving average of $147.90. Arch Resources, Inc. has a 52 week low of $116.44 and a 52 week high of $187.60.

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

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is 10.50%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ARCH. B. Riley cut their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. StockNews.com began coverage on Arch Resources in a research note on Tuesday, November 19th. They issued a “hold” rating for the company. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Finally, Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and increased their target price for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $173.60.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of the firm’s 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.40% 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.