Lingohr & Partner Asset Management GmbH purchased a new stake in Arch Coal, Inc. Class A (NASDAQ:ARCH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,300 shares of the energy company’s stock, valued at approximately $811,000.
A number of other large investors have also bought and sold shares of ARCH. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Arch Coal, Inc. Class A during the 2nd quarter worth about $104,000. Royal Bank of Canada lifted its stake in Arch Coal, Inc. Class A by 140.6% in the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after buying an additional 967 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Arch Coal, Inc. Class A in the 3rd quarter valued at about $136,000. Ameritas Investment Partners Inc. purchased a new position in Arch Coal, Inc. Class A in the 2nd quarter valued at about $131,000. Finally, Meeder Asset Management Inc. purchased a new position in Arch Coal, Inc. Class A in the 3rd quarter valued at about $155,000.
Shares of Arch Coal, Inc. Class A (ARCH) traded up $0.07 during midday trading on Monday, hitting $78.74. 274,900 shares of the stock were exchanged, compared to its average volume of 441,677. Arch Coal, Inc. Class A has a fifty-two week low of $60.13 and a fifty-two week high of $86.47.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.96. The firm had revenue of $613.53 million for the quarter, compared to analyst estimates of $550.35 million. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.43) EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.78%.
A number of brokerages recently weighed in on ARCH. B. Riley reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Wednesday, November 1st. FBR & Co reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, October 31st. Jefferies Group LLC reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $92.00 price objective on shares of Arch Coal, Inc. Class A in a report on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Arch Coal, Inc. Class A from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $92.67.
Arch Coal, Inc. Class A Company Profile
Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.
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