SG Americas Securities LLC decreased its position in Arch Resources, Inc. (NYSE:ARCH)

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

Several other hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted 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 purchasing an additional 6,778 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Arch Resources by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after acquiring an additional 16,273 shares during 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 during the fourth quarter valued at $5,642,000. Finally, Denali Advisors LLC purchased a new position in Arch Resources during the first quarter valued at $2,428,000. 88.14% of the shares are currently held by hedge funds and other institutional investors.

Arch Resources Trading Down 2.9%

NYSE ARCH opened at $120.77 on Friday. The company’s fifty day moving average is $146.44 and its two hundred day moving average is $158.32. Arch Resources, Inc. it 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 firm 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 Your Free Report ) last issued its quarterly earnings results on Thursday, July 25th. 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. During the same period in the prior year, the business earned $4.04 EPS. The company’s quarterly revenue was down 19.6% compared to the same quarter last year. Analysts expect Arch Resources, Inc. to post 13.7 earnings per share for the current year.

Arch Resources Announces Dividend

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

The Wall Street analyst weighs in

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

Get the latest stock report on Arch resources

Arch Resources Company Profile

(Free report)

Arch Resources, Inc is engaged in the production and sale of metallurgical products. It operates on two segments, metallurgical and thermal. The company operates active mines. Owned or principally controlled through long leases coal lands 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.

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