Victory Capital Management Inc. Has $2.57 Million Holdings in Arch Resources, Inc. (NYSE:ARCH)

Victory Capital Management Inc. cut its holdings in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 94.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,582 shares of the energy company's stock after selling 325,334 shares during the period. Victory Capital Management Inc. owned about 0.10% of Arch Resources worth $2,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 in the last quarter. American International Group Inc. boosted its position in Arch Resources by 8.7% in the 1st quarter. American International Group Inc. now owns 9,729 shares of the energy company's stock valued at $1,564,000 after buying an additional 775 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Arch Resources in the 1st quarter valued at $2,270,000. Magnetar Financial LLC bought a new stake in shares of Arch Resources during the first quarter worth $383,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Arch Resources by 6.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,741 shares of the energy company's stock worth $1,728,000 after acquiring an additional 690 shares during the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred 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 sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.40% of the company's stock.

Arch Resources Stock Performance

ARCH stock traded down $1.05 during midday trading on Friday, hitting $173.64. 248,949 shares of the company's stock were exchanged, compared to its average volume of 383,827. Arch Resources, Inc. has a one year low of $116.44 and a one year high of $187.60. The stock's fifty day moving average price is $146.57 and its 200-day moving average price is $147.82. The company has a market cap of $3.14 billion, a PE ratio of 18.24 and a beta of 0.59.

Arch Resources (NYSE:ARCH - Get Free Report) last posted its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.83 by ($2.17). The business 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%. Arch Resources's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.91 earnings per share. On average, analysts expect that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.58%. Arch Resources's dividend payout ratio is currently 10.50%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley cut their price objective on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Jefferies Financial Group lowered 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. Benchmark reiterated a "buy" rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com initiated coverage on Arch Resources in a report on Tuesday, November 19th. They set a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $173.60.

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.