Marshall Wace LLP lowered its stake in Arch Coal, Inc. Class A (NASDAQ:ARCH) by 58.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 45,224 shares of the energy company’s stock after selling 62,851 shares during the period. Marshall Wace LLP owned 0.18% of Arch Coal, Inc. Class A worth $3,075,000 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 ARCH. Marshall Wace North America L.P. boosted its position in Arch Coal, Inc. Class A by 119.1% in the second quarter. Marshall Wace North America L.P. now owns 354,717 shares of the energy company’s stock valued at $24,121,000 after buying an additional 192,783 shares during the last quarter. Jennison Associates LLC boosted its position in Arch Coal, Inc. Class A by 40.1% in the second quarter. Jennison Associates LLC now owns 643,021 shares of the energy company’s stock valued at $43,918,000 after buying an additional 184,085 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Arch Coal, Inc. Class A by 702.7% in the second quarter. BNP Paribas Arbitrage SA now owns 2,649 shares of the energy company’s stock valued at $181,000 after buying an additional 2,319 shares during the last quarter. Legal & General Group Plc purchased a new position in Arch Coal, Inc. Class A during the second quarter valued at $342,000. Finally, Bank of New York Mellon Corp boosted its position in Arch Coal, Inc. Class A by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 995,469 shares of the energy company’s stock valued at $67,989,000 after buying an additional 22,752 shares during the last quarter.

Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 75.72 on Tuesday. Arch Coal, Inc. Class A has a 12 month low of $59.05 and a 12 month high of $86.47. The company has a 50 day moving average price of $74.33 and a 200-day moving average price of $71.09. The company has a market cap of $1.84 billion and a PE ratio of 1.05.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by $0.07. The company had revenue of $549.87 million during the quarter, compared to analyst estimates of $596.76 million. The business’s revenue was up 30.8% on a year-over-year basis. Equities analysts predict that Arch Coal, Inc. Class A will post $9.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.35 dividend. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. This represents a $1.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, August 29th.

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Several research firms have weighed in on ARCH. Jefferies Group LLC set a $90.00 price objective on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research report on Friday. Clarkson Capital reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and set a $92.00 price objective on shares of Arch Coal, Inc. Class A in a research report on Friday, July 21st. Finally, FBR & Co increased their price objective on Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $91.67.

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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Institutional Ownership by Quarter for Arch Coal, Inc. Class A (NASDAQ:ARCH)

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