Advisors Asset Management Inc. Sells 10,521 Shares of Arch Resources, Inc. (NYSE:ARCH)

Advisors Asset Management Inc. reduced its stake in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,132 shares of the energy company's stock after selling 10,521 shares during the period. Advisors Asset Management Inc. owned 0.36% of Arch Resources worth $8,999,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. CWM LLC grew its position 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. Quest Partners LLC acquired a new stake in shares of Arch Resources during the third quarter worth approximately $50,000. Blue Trust Inc. grew its position 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 acquired a new stake in shares of Arch Resources during the second quarter worth approximately $55,000. Finally, KBC Group NV grew its position in shares of Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company's stock worth $79,000 after buying an additional 172 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Arch Resources news, VP Deck Slone sold 253 shares of the company's 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 sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ARCH has been the subject of a number of research reports. B. Riley decreased their price objective 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. Benchmark reiterated a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday. Jefferies Financial Group cut 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. Finally, StockNews.com initiated coverage on shares of Arch Resources in a research report on Tuesday. They issued a "hold" rating on the stock. Four 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 presently has a consensus rating of "Hold" and an average target price of $173.60.

Arch Resources Price Performance

ARCH traded up $5.55 on Thursday, hitting $172.62. The company had a trading volume of 24,826 shares, compared to its average volume of 399,568. The company's fifty day moving average price is $144.67 and its 200 day moving average price is $147.71. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 17.54 and a beta of 0.59.

Arch Resources (NYSE:ARCH - Get Free Report) 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). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same quarter last year, the firm earned $3.91 earnings per share. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. On average, sell-side analysts forecast that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, November 15th. Arch Resources's dividend payout ratio is presently 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.