O Shaughnessy Asset Management LLC decreased its holdings in shares of Arch Coal Inc (NYSE:ARCH) by 35.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,696 shares of the energy company’s stock after selling 34,051 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.33% of Arch Coal worth $5,604,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ARCH. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Arch Coal in the 3rd quarter worth approximately $569,000. Wells Fargo & Company MN increased its stake in shares of Arch Coal by 3.6% in the 3rd quarter. Wells Fargo & Company MN now owns 29,990 shares of the energy company’s stock valued at $2,681,000 after acquiring an additional 1,056 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Arch Coal in the 3rd quarter valued at $1,636,000. Victory Capital Management Inc. increased its stake in shares of Arch Coal by 160.9% in the 3rd quarter. Victory Capital Management Inc. now owns 8,725 shares of the energy company’s stock valued at $780,000 after acquiring an additional 5,381 shares in the last quarter. Finally, WBI Investments Inc. bought a new stake in Arch Coal during the 3rd quarter valued at $2,325,000. Institutional investors and hedge funds own 57.72% of the company’s stock.
Several research firms have recently issued reports on ARCH. Zacks Investment Research upgraded shares of Arch Coal from a “hold” rating to a “strong-buy” rating and set a $104.00 target price for the company in a research note on Tuesday, September 11th. B. Riley boosted their price target on shares of Arch Coal from $106.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, October 24th. ValuEngine raised shares of Arch Coal from a “hold” rating to a “buy” rating in a report on Friday, October 12th. TheStreet raised shares of Arch Coal from a “c” rating to a “b-” rating in a report on Thursday, October 4th. Finally, BMO Capital Markets assumed coverage on shares of Arch Coal in a report on Friday. They set a “market perform” rating and a $95.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Arch Coal currently has an average rating of “Hold” and a consensus price target of $104.67.
Arch Coal (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, October 23rd. The energy company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $3.31. The business had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $562.34 million. Arch Coal had a net margin of 13.03% and a return on equity of 49.50%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $2.54 earnings per share. As a group, sell-side analysts forecast 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Thursday, November 29th. Arch Coal’s dividend payout ratio (DPR) is presently 14.08%.
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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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