Amalgamated Bank Sells 242 Shares of Arch Resources, Inc. (NYSE:ARCH)

Amalgamated Bank cut its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 4.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,537 shares of the energy company’s stock after selling 242 shares during the period. Amalgamated Bank’s holdings in Arch Resources were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Denali Advisors LLC increased its stake in Arch Resources by 36.4% in the second quarter. Denali Advisors LLC now owns 20,600 shares of the energy company’s stock valued at $3,136,000 after acquiring an additional 5,500 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after purchasing an additional 58,821 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Arch Resources by 9.9% during the 2nd quarter. WINTON GROUP Ltd now owns 6,024 shares of the energy company’s stock valued at $917,000 after buying an additional 543 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Arch Resources in the 2nd quarter worth approximately $8,700,000. Finally, Qsemble Capital Management LP bought a new stake in Arch Resources in the second quarter worth $403,000. Institutional investors own 88.14% of the company’s stock.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $138.08 on Friday. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The stock has a market capitalization of $2.50 billion, a P/E ratio of 8.12 and a beta of 0.60. The company’s 50-day moving average is $131.47 and its 200 day moving average is $151.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

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

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. B. Riley reduced their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. StockNews.com initiated coverage on shares of Arch Resources in a report on Tuesday. They issued a “hold” rating on the stock. Finally, Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Three 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, the company presently has an average rating of “Hold” and an average target price 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.