Linden Thomas Advisory Services LLC Reduces Stake in Arch Resources, Inc. (NYSE:ARCH)

Linden Thomas Advisory Services LLC cut its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,228 shares of the energy company’s stock after selling 113 shares during the quarter. Linden Thomas Advisory Services LLC owned 0.05% of Arch Resources worth $1,531,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Covestor Ltd increased its stake in shares of Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after acquiring an additional 70 shares during the period. CVA Family Office LLC purchased a new position in shares of Arch Resources during the 4th quarter valued at about $38,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Arch Resources during the 4th quarter valued at about $52,000. Acadian Asset Management LLC acquired a new position in shares of Arch Resources in the 3rd quarter valued at about $65,000. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of Arch Resources in the third quarter worth about $247,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARCH has been the subject of several recent research reports. Citigroup reiterated a “neutral” rating and set a $170.00 price target (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 target price (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Monday. B. Riley cut their price objective on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a report on Monday, April 15th. Finally, StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Arch Resources presently has a consensus rating of “Hold” and a consensus target price of $177.00.

Arch Resources Price Performance

Shares of NYSE:ARCH traded up $0.46 during midday trading on Wednesday, reaching $157.20. 114,645 shares of the company’s stock traded hands, compared to its average volume of 468,408. The company has a fifty day simple moving average of $164.30 and a two-hundred day simple moving average of $163.62. Arch Resources, Inc. has a 1 year low of $102.42 and a 1 year high of $187.60. The company has a market cap of $2.87 billion, a P/E ratio of 6.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). The firm had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. Arch Resources’s quarterly revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $23.18 earnings per share. Equities analysts predict that Arch Resources, Inc. will post 14.84 EPS for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. Arch Resources’s payout ratio is presently 4.16%.

Insider Activity at Arch Resources

In other news, VP John A. Ziegler sold 148 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the sale, the vice president now directly owns 23,232 shares in the company, valued at $4,003,570.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Paul T. Demzik sold 4,451 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the completion of the sale, the vice president now directly owns 2,192 shares in the company, valued at $391,052.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John A. Ziegler sold 148 shares of Arch Resources stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the transaction, the vice president now directly owns 23,232 shares in the company, valued at $4,003,570.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,335 shares of company stock valued at $19,126,100. Corporate insiders own 5.90% 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.