Amalgamated Bank Decreases Stake in Arch Resources, Inc. (NYSE:ARCH)

Amalgamated Bank lessened its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 4.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,300 shares of the energy company’s stock after selling 237 shares during the period. Amalgamated Bank’s holdings in Arch Resources were worth $732,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares during the period. Blue Trust Inc. raised its stake in shares of Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after buying an additional 330 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Arch Resources in the 2nd quarter valued at about $55,000. Virtus Investment Advisers Inc. acquired a new stake in Arch Resources in the 1st quarter worth about $149,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Arch Resources during the 2nd quarter worth approximately $218,000. Institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Up 0.5 %

Shares of NYSE:ARCH opened at $163.96 on Friday. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The company has a market cap of $2.97 billion, a PE ratio of 17.33 and a beta of 0.59. The firm has a 50-day simple moving average of $141.05 and a 200 day simple moving average of $147.63.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company’s revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the business earned $3.91 earnings per share. As a group, research analysts forecast that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders 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 0.61%. The ex-dividend date of this dividend is Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the company from $155.00 to $165.00 in a research report on Wednesday. B. Riley lowered their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, StockNews.com began coverage on shares of Arch Resources in a report on Monday, November 11th. They set a “hold” rating on the stock. Four 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 currently has an average rating of “Hold” and a consensus target price of $173.60.

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.40% of the company’s stock.

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.