Arch Resources, Inc. (NYSE:ARCH) Stock Holdings Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in Arch Resources, Inc. (NYSE:ARCH) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,267 shares of the energy company’s stock after selling 4,192 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Arch Resources were worth $2,533,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ARCH. Glenorchy Capital Ltd acquired a new position in shares of Arch Resources in the 4th quarter worth approximately $1,997,000. Wedge Capital Management L L P NC raised its holdings in shares of Arch Resources by 9.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 37,425 shares of the energy company’s stock worth $6,210,000 after purchasing an additional 3,080 shares during the period. Significant Wealth Partners LLC bought a new position in shares of Arch Resources in the 4th quarter worth about $355,000. River Road Asset Management LLC boosted its holdings in shares of Arch Resources by 26.6% in the 4th quarter. River Road Asset Management LLC now owns 31,341 shares of the energy company’s stock valued at $5,201,000 after buying an additional 6,593 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Arch Resources by 17.0% during the 4th quarter. Mackenzie Financial Corp now owns 2,600 shares of the energy company’s stock valued at $431,000 after buying an additional 378 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ARCH. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, April 22nd. StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets reaffirmed 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. Citigroup reiterated a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Finally, B. Riley decreased their target price on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Arch Resources currently has an average rating of “Hold” and an average price target of $177.00.

Arch Resources Trading Down 1.2 %

NYSE:ARCH opened at $156.84 on Thursday. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 9.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.89 and a current ratio of 2.64. Arch Resources, Inc. has a 1 year low of $102.42 and a 1 year high of $187.60. The business has a fifty day moving average of $164.07 and a 200-day moving average of $163.78.

Arch Resources (NYSE:ARCH) last announced its earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. The firm had revenue of $680.19 million during the quarter, compared to analyst estimates of $596.52 million. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. Arch Resources’s revenue was down 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.02 EPS. Equities analysts predict that Arch Resources, Inc. will post 12.82 earnings per share for the current year.

Arch Resources Cuts Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $1.11 per share. The ex-dividend date is Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s dividend payout ratio is presently 5.88%.

Insider Buying and Selling

In other Arch Resources news, VP John A. Ziegler sold 148 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the completion of the transaction, the vice president now directly owns 23,232 shares of the company’s stock, valued at approximately $4,003,570.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Pamela R. Butcher bought 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $165.00 per share, for a total transaction of $33,000.00. Following the acquisition, the director now directly owns 200 shares of the company’s stock, valued at approximately $33,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John A. Ziegler sold 148 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $172.33, for a total value of $25,504.84. Following the sale, the vice president now directly owns 23,232 shares of the company’s stock, valued at $4,003,570.56. The disclosure for this sale can be found here. Insiders have sold a total of 99,884 shares of company stock valued at $18,332,042 over the last quarter. Corporate insiders own 5.90% of the company’s stock.

Arch Resources Profile

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.