KBC Group NV Buys 172 Shares of Arch Resources, Inc. (NYSE:ARCH)

KBC Group NV raised its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 43.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 569 shares of the energy company’s stock after purchasing an additional 172 shares during the period. KBC Group NV’s holdings in Arch Resources were worth $79,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ARCH. Vanguard Group Inc. lifted its position in Arch Resources by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after acquiring an additional 286,359 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares during the period. First Eagle Investment Management LLC acquired a new stake in Arch Resources in the 2nd quarter valued at approximately $11,813,000. American Century Companies Inc. increased its position in Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after buying an additional 59,072 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Arch Resources by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after buying an additional 58,821 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

Insider Activity

In other news, VP Deck Slone sold 253 shares of Arch Resources 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 transaction, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ARCH. StockNews.com started coverage on shares of Arch Resources in a research report on Tuesday. They set a “hold” rating on the stock. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. B. Riley lowered their price target 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. Finally, Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and raised their price objective for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arch Resources currently has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Down 0.5 %

NYSE ARCH opened at $173.80 on Friday. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The stock has a market cap of $3.15 billion, a P/E ratio of 18.26 and a beta of 0.59. The company’s 50-day simple moving average is $146.57 and its 200 day simple moving average is $147.99.

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 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 for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.91 earnings per share. Research analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Arch Resources’s payout ratio is presently 10.50%.

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.