Thompson Siegel & Walmsley LLC Sells 15,371 Shares of Arch Resources, Inc. (NYSE:ARCH)

Thompson Siegel & Walmsley LLC decreased its position in Arch Resources, Inc. (NYSE:ARCH) by 29.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,381 shares of the energy company’s stock after selling 15,371 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Arch Resources were worth $5,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings 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 valued at $377,465,000 after purchasing an additional 286,359 shares during the period. Principal Financial Group Inc. grew its position in shares of Arch Resources by 681.4% in the 1st quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company’s stock worth $17,515,000 after buying an additional 94,989 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after buying an additional 59,072 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Arch Resources during the first quarter valued at approximately $9,397,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Arch Resources in the second quarter worth $8,700,000. 88.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ARCH shares. B. Riley reduced their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Finally, StockNews.com started coverage on Arch Resources in a research note on Monday. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Trading Up 2.8 %

Shares of NYSE ARCH opened at $128.13 on Monday. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a 50-day moving average of $136.86 and a 200 day moving average of $153.71. The stock has a market cap of $2.32 billion, a P/E ratio of 7.54 and a beta of 0.60.

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

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. Arch Resources’s dividend payout ratio is presently 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.