Pacer Advisors Inc. Sells 154,894 Shares of Arch Resources, Inc. (NYSE:ARCH)

Pacer Advisors Inc. reduced its stake in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 15.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 846,199 shares of the energy company's stock after selling 154,894 shares during the quarter. Pacer Advisors Inc. owned about 4.67% of Arch Resources worth $116,911,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ARCH. CWM LLC grew its position in Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company's stock worth $26,000 after buying an additional 99 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Arch Resources in the 3rd quarter valued at $50,000. Blue Trust Inc. increased its stake in Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock worth $54,000 after purchasing an additional 330 shares in the last quarter. Innealta Capital LLC acquired a new stake in Arch Resources during the 2nd quarter worth about $55,000. Finally, KBC Group NV lifted its stake in Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company's stock valued at $79,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company's stock.

Insiders Place Their Bets

In related news, VP Deck Slone sold 253 shares of the firm's stock in a transaction on Monday, October 14th. The shares were 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 directly owns 29,120 shares of the company's stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday. B. Riley reduced their price objective on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research note on Friday, September 6th. Jefferies Financial Group downgraded Arch Resources from a "buy" rating to a "hold" rating and increased their target price for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, StockNews.com assumed coverage on shares of Arch Resources in a research report on Tuesday. They issued a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $173.60.

Arch Resources Price Performance

Shares of ARCH stock traded down $0.89 during trading hours on Friday, reaching $173.80. The company had a trading volume of 248,899 shares, compared to its average volume of 400,217. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 18.26 and a beta of 0.59. The company has a 50 day moving average of $146.57 and a 200 day moving average of $147.99.

Arch Resources (NYSE:ARCH - Get Free Report) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.91 EPS. As a group, sell-side analysts forecast that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, November 15th. Arch Resources's dividend payout ratio is 10.50%.

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.