Thrivent Financial for Lutherans Decreases Stock Position in Arch Resources, Inc. (NYSE:ARCH)

Thrivent Financial for Lutherans decreased its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,039 shares of the energy company’s stock after selling 896 shares during the period. Thrivent Financial for Lutherans’ holdings in Arch Resources were worth $2,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Arch Resources by 94.0% during the first quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock worth $2,249,000 after acquiring an additional 6,778 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Arch Resources by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock valued at $30,345,000 after purchasing an additional 16,273 shares in the last quarter. Natixis acquired a new stake in Arch Resources during the 1st quarter valued at approximately $2,892,000. Denali Advisors LLC purchased a new stake in Arch Resources during the 1st quarter worth approximately $2,428,000. Finally, Vanguard Group Inc. raised its position in shares of Arch Resources by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock valued at $342,037,000 after purchasing an additional 219,094 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ARCH shares. B. Riley decreased their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. StockNews.com started coverage on shares of Arch Resources in a report on Wednesday. They set a “hold” rating for the company. Finally, Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. Three 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.com, the stock has an average rating of “Hold” and a consensus target price of $175.75.

Arch Resources Trading Down 1.6 %

Arch Resources stock opened at $135.90 on Wednesday. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The firm’s 50-day moving average is $130.72 and its 200-day moving average is $150.21. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market cap of $2.46 billion, a P/E ratio of 7.99 and a beta of 0.60.

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

Arch Resources Announces Dividend

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, August 30th. Arch Resources’s payout ratio is 5.88%.

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.