UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Arch Resources, Inc. (NYSE:ARCH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,798 shares of the energy company’s stock after selling 2,039 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of Arch Resources worth $2,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC increased its stake in Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after purchasing an additional 90 shares in the last quarter. CWM LLC grew its holdings in shares of Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Arch Resources by 6.5% in the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after acquiring an additional 137 shares during the period. Gallacher Capital Management LLC raised 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 worth $438,000 after acquiring an additional 147 shares during the last quarter. Finally, KBC Group NV lifted 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 period. 88.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the 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 transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.40% of the stock is owned by corporate insiders.

Arch Resources Price Performance

NYSE:ARCH opened at $154.23 on Friday. The company has a 50 day moving average price of $156.01 and a 200-day moving average price of $147.86. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 16.20 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last released 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). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same period in the previous year, the firm posted $3.91 EPS. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. Arch Resources’s dividend payout ratio is currently 10.50%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and increased their price objective for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. StockNews.com initiated coverage on shares of Arch Resources in a report on Friday. They issued a “hold” rating on the stock. Finally, 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Arch Resources currently has an average rating of “Hold” and an average price target 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.