Insider Selling: Arch Resources, Inc. (NYSE:ARCH) CFO Sells 169 Shares of Stock

Arch Resources, Inc. (NYSE:ARCH) CFO Matthew C. Giljum sold 169 shares of Arch Resources stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $24,462.75. Following the completion of the sale, the chief financial officer now directly owns 40,005 shares of the company’s stock, valued at $5,790,723.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Arch Resources Stock Down 0.7 %

ARCH stock traded down $0.98 during midday trading on Tuesday, reaching $144.88. The company had a trading volume of 51,057 shares, compared to its average volume of 406,654. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $130.67 and a two-hundred day moving average of $148.84. The company has a market capitalization of $2.62 billion, a P/E ratio of 8.52 and a beta of 0.60. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCH) last released 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). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The business had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same period last year, the business earned $4.04 EPS. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, equities research analysts expect that Arch Resources, Inc. will post 8.62 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, August 30th. Arch Resources’s dividend payout ratio is currently 5.88%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARCH. 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 initiated coverage on Arch Resources in a research note on Thursday, October 10th. They set a “hold” rating on the stock. Finally, Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $175.75.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ARCH. Vanguard Group Inc. boosted its stake in Arch Resources by 13.9% in the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after acquiring an additional 286,359 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after acquiring an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after purchasing an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in shares of Arch Resources by 3.0% in the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after acquiring an additional 15,000 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after acquiring an additional 59,072 shares in the last quarter. Institutional investors own 88.14% 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.