Moran Wealth Management LLC Sells 325 Shares of Arch Resources, Inc. (NYSE:ARCH)

Moran Wealth Management LLC lowered its position in Arch Resources, Inc. (NYSE:ARCH) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,429 shares of the energy company’s stock after selling 325 shares during the quarter. Moran Wealth Management LLC’s holdings in Arch Resources were worth $888,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARCH. Vanguard Group Inc. raised its stake in shares of 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. grew its holdings in shares of Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after buying an additional 119,505 shares during the period. Dimensional Fund Advisors LP lifted its stake in Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. grew its holdings in shares of Arch Resources by 3.0% during the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock worth $84,003,000 after buying an additional 15,000 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Arch Resources by 14.1% during 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 in the last quarter. 88.14% of the stock is owned by institutional investors.

Arch Resources Trading Up 4.3 %

ARCH opened at $174.20 on Friday. The business’s 50-day moving average price is $145.66 and its 200-day moving average price is $147.89. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The company has a market cap of $3.15 billion, a P/E ratio of 18.30 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 13.22% and a net margin of 6.69%. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.91 earnings per share. Equities research analysts forecast that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently declared 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. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, November 15th. Arch Resources’s dividend payout ratio is currently 10.50%.

Analysts Set New Price Targets

Several brokerages have issued reports on ARCH. StockNews.com initiated coverage on Arch Resources in a report on Tuesday. They set a “hold” rating for the company. Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday. B. Riley cut their price objective 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 lowered shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $173.60.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s 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 $36,621.75. Following the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.40% of the company’s stock.

Arch Resources Company 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.