Arch Coal Inc (ARCH) Position Lowered by Strs Ohio

Strs Ohio cut its holdings in shares of Arch Coal Inc (NYSE:ARCH) by 17.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,700 shares of the energy company’s stock after selling 2,400 shares during the period. Strs Ohio owned approximately 0.06% of Arch Coal worth $1,045,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in Arch Coal in the second quarter valued at about $105,000. Trilogy Capital Inc. bought a new position in Arch Coal in the second quarter valued at about $173,000. Jane Street Group LLC bought a new position in Arch Coal in the second quarter valued at about $237,000. Dynamic Technology Lab Private Ltd bought a new position in Arch Coal in the first quarter valued at about $245,000. Finally, IndexIQ Advisors LLC bought a new position in Arch Coal in the second quarter valued at about $335,000. 41.89% of the stock is currently owned by institutional investors.

NYSE ARCH opened at $94.69 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.62. Arch Coal Inc has a 52 week low of $75.09 and a 52 week high of $102.61. The stock has a market capitalization of $1.78 billion, a PE ratio of 6.05 and a beta of -0.11.

Arch Coal (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, October 23rd. The energy company reported $6.33 EPS for the quarter, topping the consensus estimate of $3.02 by $3.31. Arch Coal had a return on equity of 49.50% and a net margin of 13.03%. The firm had revenue of $633.20 million for the quarter, compared to the consensus estimate of $562.34 million. During the same quarter last year, the company earned $2.54 earnings per share. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts predict that Arch Coal Inc will post 15.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Thursday, November 29th. Arch Coal’s dividend payout ratio (DPR) is currently 14.08%.

A number of research firms have weighed in on ARCH. ValuEngine downgraded Arch Coal from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded Arch Coal from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Macquarie set a $101.00 target price on Arch Coal and gave the company a “hold” rating in a report on Wednesday, October 24th. B. Riley raised their price objective on Arch Coal from $106.00 to $107.00 and gave the stock a “buy” rating in a research note on Wednesday, October 24th. Finally, TheStreet raised Arch Coal from a “c” rating to a “b-” rating in a research note on Thursday, October 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Arch Coal presently has a consensus rating of “Buy” and an average price target of $103.38.

Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. It also owned or controlled, primarily through long-term leases, approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 20,165 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Institutional Ownership by Quarter for Arch Coal (NYSE:ARCH)

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