Arch Resources, Inc. (NYSE:ARCH) Position Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in Arch Resources, Inc. (NYSE:ARCH) by 19.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 85,213 shares of the energy company’s stock after selling 20,050 shares during the period. Principal Financial Group Inc.’s holdings in Arch Resources were worth $11,773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after purchasing an additional 286,359 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after buying an additional 119,505 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Arch Resources during the 2nd quarter worth approximately $11,813,000. American Century Companies Inc. grew its position in shares of Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after acquiring an additional 59,072 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after acquiring an additional 58,821 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ARCH shares. B. Riley reduced 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. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and raised their price target for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. StockNews.com began coverage on shares of Arch Resources in a research report on Monday, November 11th. They set a “hold” rating for the company. Finally, Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $173.60.

Insider Activity

In other news, VP Deck Slone sold 253 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value 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 approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.40% of the company’s stock.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $164.14 on Monday. The firm has a market capitalization of $2.97 billion, a PE ratio of 17.24 and a beta of 0.59. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The business’s fifty day moving average price is $141.93 and its two-hundred day moving average price is $147.54.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million for 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 firm’s revenue was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.91 EPS. Equities research analysts expect that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. Arch Resources’s payout ratio is currently 10.50%.

About Arch Resources

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.