Deck Slone Sells 253 Shares of Arch Resources, Inc. (NYSE:ARCH) Stock

Arch Resources, Inc. (NYSE:ARCH) VP Deck Slone sold 253 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arch Resources Stock Performance

NYSE:ARCH opened at $145.21 on Thursday. 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 firm has a 50-day moving average price of $131.22 and a two-hundred day moving average price of $148.69. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The company has a market capitalization of $2.63 billion, a P/E ratio of 8.54 and a beta of 0.60.

Arch Resources (NYSE:ARCH) last posted its 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). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The business had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.23 million. During the same quarter last year, the business posted $4.04 earnings per share. The business’s revenue was down 19.6% compared to the same quarter last year. As a group, research analysts expect that Arch Resources, Inc. will post 8.62 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was 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 (DPR) is presently 5.88%.

Wall Street Analysts Forecast Growth

ARCH has been the subject of a number of research analyst reports. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. StockNews.com initiated coverage on shares of Arch Resources in a report on Thursday, October 10th. They issued a “hold” rating for the company. Finally, Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $175.75.

Institutional Investors Weigh In On Arch Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC grew its holdings in shares of Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Arch Resources by 1,900.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after buying an additional 190 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after buying an additional 330 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Arch Resources during the second quarter worth about $55,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Arch Resources during the first quarter worth about $69,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.