Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its holdings in Arch Resources, Inc. (NYSE:ARCH) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,416 shares of the energy company’s stock after selling 144 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.12% of Arch Resources worth $3,604,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ARCH. Janney Montgomery Scott LLC increased its stake in Arch Resources by 94.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock valued at $2,249,000 after buying an additional 6,778 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Arch Resources by 9.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock valued at $30,345,000 after acquiring an additional 16,273 shares during the period. Natixis bought a new stake in Arch Resources during the first quarter worth approximately $2,892,000. Swiss National Bank acquired a new stake in Arch Resources in the fourth quarter worth approximately $5,642,000. Finally, Denali Advisors LLC bought a new position in Arch Resources during the 1st quarter valued at $2,428,000. 88.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ARCH shares. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. B. Riley raised their price objective on shares of Arch Resources from $192.00 to $198.00 and gave the company a “buy” rating in a research report on Monday. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $178.25.

Arch Resources Stock Performance

ARCH traded up $2.89 during midday trading on Wednesday, reaching $144.47. The company’s stock had a trading volume of 117,004 shares, compared to its average volume of 398,008. 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 fifty day simple moving average of $159.37 and a 200 day simple moving average of $163.75. The stock has a market cap of $2.61 billion, a P/E ratio of 8.33 and a beta of 0.63. Arch Resources, Inc. has a twelve month low of $125.10 and a twelve month high of $187.60.

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 analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company had revenue of $608.75 million for the quarter, compared to the consensus estimate of $562.23 million. During the same period last year, the firm posted $4.04 EPS. The company’s revenue was down 19.6% compared to the same quarter last year. Research analysts expect that Arch Resources, Inc. will post 13.27 earnings per share for the current year.

Arch Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. Arch Resources’s dividend payout ratio is currently 5.88%.

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.