SG Americas Securities LLC cut its shares in Arch Resources, Inc. (NYSE:ARCH – Free Report) by 59.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,122 shares of the energy company after selling 3,165 shares during the quarter. SG Americas Securities LLC’s shares of Arch Resources were worth $323,000, according to its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock recently. Janney Montgomery Scott LLC increased its position in shares of Arch Resources by 94.0% in the first quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock worth $2,249,000 after buying an additional 6,778 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Arch Resources by 9.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after buying an additional 16,273 shares in the last quarter. Natixis acquired a new stake in Arch Resources in the first quarter worth $2,892,000. Swiss National Bank acquired a new stake in Arch Resources in the fourth quarter worth $5,642,000. Finally, Denali Advisors LLC acquired a new position in Arch Resources during the first quarter worth $2,428,000. 88.14% of the shares are currently owned by hedge funds and other institutional investors.

Arch Resources trading down 2.9%

NYSE ARCH opened at $120.77 on Friday. The company’s 50-day moving average is $146.44 and its 200-day moving average is $158.32. Arch Resources, Inc. has a one-year low of $116.44 and a one-year high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market cap of $2.19 billion, a PE ratio of 7.10 and a beta of 0.64.

Arch Resources (NYSE:ARCH – Get Free Report) last released its quarterly earnings results on Thursday, July 25. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.23 million. In the prior-year period, the company earned $4.04 EPS. The company’s quarterly revenue was down 19.6% from the same quarter last year. Analysts expect Arch Resources, Inc. to post 13.7 EPS for the current year.

Arch Resources announces dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will receive a dividend of $0.25 per share. This represents an annual dividend of $1.00 and a dividend yield of 0.83%. The ex-dividend date is Friday, August 30th. Arch Resources’ dividend payout ratio is currently 5.88%.

Wall Street analysts weigh in

A number of analysts have recently commented on ARCH shares. B. Riley raised their price target on Arch Resources from $192.00 to $198.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. Three equities analysts have rated the stock with a hold rating and two have given the company a buy rating. Based on data from MarketBeat.com, the firm has an average rating of “Hold” and a consensus price target of $178.25.

Get our latest stock report on Arch Resources

Company Profile of Arch Resources

(Free Report)

Arch Resources, Inc. is engaged in the production and sale of metallurgical products. The company operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled, through long-term leases, coal lands primarily in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado and Illinois; and smaller properties in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas.

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