Texas Permanent School Fund Corp Sells 1,987 Shares of Arch Resources, Inc. (NYSE:ARCH)

Texas Permanent School Fund Corp cut its position in Arch Resources, Inc. (NYSE:ARCH) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,089 shares of the energy company’s stock after selling 1,987 shares during the quarter. Texas Permanent School Fund Corp owned about 0.08% of Arch Resources worth $2,145,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Arch Resources by 23.7% during the 4th quarter. Principal Financial Group Inc. now owns 13,940 shares of the energy company’s stock worth $2,313,000 after purchasing an additional 2,675 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in Arch Resources during the fourth quarter worth approximately $242,000. Dynamic Technology Lab Private Ltd increased its stake in Arch Resources by 135.2% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 3,999 shares of the energy company’s stock worth $664,000 after acquiring an additional 2,299 shares during the period. Trexquant Investment LP acquired a new position in Arch Resources in the 4th quarter valued at $3,147,000. Finally, Balboa Wealth Partners lifted its position in shares of Arch Resources by 30.2% during the 4th quarter. Balboa Wealth Partners now owns 2,578 shares of the energy company’s stock valued at $428,000 after acquiring an additional 598 shares during the period. Institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Performance

NYSE:ARCH opened at $126.19 on Wednesday. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $135.44 and its 200 day simple moving average is $153.15. The firm has a market capitalization of $2.29 billion, a PE ratio of 7.42 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). The company had revenue of $608.75 million during 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 company’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.04 earnings per share. On average, analysts anticipate that Arch Resources, Inc. will post 10.73 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. Arch Resources’s payout ratio is presently 5.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ARCH. B. Riley dropped their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Finally, StockNews.com assumed coverage on shares of Arch Resources in a report on Monday. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $175.75.

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.