Insider Selling: Arch Resources, Inc. (NYSE:ARCH) CFO Sells $24,462.75 in Stock

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) CFO Matthew C. Giljum sold 169 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $24,462.75. Following the completion of the transaction, the chief financial officer now directly owns 40,005 shares of the company's stock, valued at $5,790,723.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Arch Resources Trading Down 1.9 %

Arch Resources stock traded down $2.81 during mid-day trading on Tuesday, hitting $143.06. 138,612 shares of the stock were exchanged, compared to its average volume of 407,094. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 8.52 and a beta of 0.60. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The firm's fifty day simple moving average is $130.67 and its two-hundred day simple moving average is $148.84.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.50). The firm had revenue of $608.75 million for the quarter, compared to the consensus estimate of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. Arch Resources's quarterly revenue was down 19.6% on a year-over-year basis. During the same period in the prior year, the business earned $4.04 EPS. Analysts forecast that Arch Resources, Inc. will post 8.62 EPS for the current year.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. Arch Resources's payout ratio is 5.88%.

Analyst Ratings Changes

ARCH has been the subject of several recent research reports. B. Riley lowered their price objective on Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research note on Friday, September 6th. StockNews.com initiated coverage on shares of Arch Resources in a research note on Thursday, October 10th. They set a "hold" rating for the company. Finally, Benchmark reissued a "buy" rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Arch Resources presently has a consensus rating of "Hold" and a consensus target price of $175.75.

Institutional Investors Weigh In On Arch Resources

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Arch Resources by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company's stock worth $377,465,000 after buying an additional 286,359 shares during the period. Pacer Advisors Inc. boosted its stake in Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company's stock worth $152,396,000 after acquiring an additional 119,505 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Arch Resources by 681.4% in the first quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company's stock worth $17,515,000 after purchasing an additional 94,989 shares during the period. First Eagle Investment Management LLC bought a new stake in Arch Resources in the second quarter valued at $11,813,000. Finally, American Century Companies Inc. raised its holdings in shares of Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company's stock valued at $72,917,000 after purchasing an additional 59,072 shares during the period. 88.14% of the stock is currently owned by 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.