Rosemary L. Klein Sells 1,549 Shares of Arch Resources, Inc. (NYSE:ARCH) Stock

Arch Resources, Inc. (NYSE:ARCH – Get Rating) VP Rosemary L. Klein sold 1,549 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $165.00, for a total value of $255,585.00. Following the transaction, the vice president now directly owns 7,999 shares of the company’s stock, valued at approximately $1,319,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Arch Resources Trading Down 2.6 %

Shares of NYSE ARCH opened at $160.97 on Tuesday. Arch Resources, Inc. has a 12 month low of $110.97 and a 12 month high of $183.53. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 2.51 and a beta of 0.73. The company has a quick ratio of 1.41, a current ratio of 1.93 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $147.30 and a 200-day simple moving average of $145.07.

Arch Resources (NYSE:ARCH – Get Rating) last announced its earnings results on Thursday, February 16th. The energy company reported $23.18 EPS for the quarter, beating the consensus estimate of $10.90 by $12.28. Arch Resources had a return on equity of 114.13% and a net margin of 35.73%. The business had revenue of $859.50 million during the quarter, compared to the consensus estimate of $798.37 million. During the same period in the prior year, the business posted $13.19 earnings per share. Arch Resources’s revenue was up 6.7% compared to the same quarter last year. Sell-side analysts predict that Arch Resources, Inc. will post 38.17 EPS for the current year.

Arch Resources Cuts Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be issued a dividend of $3.11 per share. This represents a dividend yield of 0.6%. The ex-dividend date is Monday, February 27th. Arch Resources’s dividend payout ratio is 1.56%.

Analysts Set New Price Targets

ARCH has been the subject of several research reports. StockNews.com cut Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, January 19th. B. Riley decreased their target price on Arch Resources from $207.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, February 17th. Finally, BMO Capital Markets raised their target price on Arch Resources from $185.00 to $200.00 in a research note on Friday, February 17th.

Institutional Investors Weigh In On Arch Resources

Several hedge funds have recently modified their holdings of the stock. Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Arch Resources during the fourth quarter valued at $6,457,000. Natixis lifted its stake in Arch Resources by 45.5% in the 4th quarter. Natixis now owns 8,000 shares of the energy company’s stock worth $1,142,000 after acquiring an additional 2,500 shares in the last quarter. DGS Capital Management LLC purchased a new stake in Arch Resources in the 4th quarter worth about $243,000. B. Riley Wealth Advisors Inc. lifted its stake in Arch Resources by 49.0% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 30,910 shares of the energy company’s stock worth $4,414,000 after acquiring an additional 10,164 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in Arch Resources in the 4th quarter worth about $1,298,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

About Arch Resources

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Arch Resources, Inc engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical, and Other Thermal. The Powder River Basin segment contains the company’s thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia.