Robeco Institutional Asset Management B.V. boosted its stake in Arch Coal Inc (NYSE:ARCH) by 4.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 375,167 shares of the energy company’s stock after buying an additional 16,517 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Arch Coal were worth $35,343,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in ARCH. FMR LLC raised its position in Arch Coal by 35.9% in the 4th quarter. FMR LLC now owns 466 shares of the energy company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Quantamental Technologies LLC raised its position in Arch Coal by 418.3% in the 1st quarter. Quantamental Technologies LLC now owns 2,073 shares of the energy company’s stock valued at $189,000 after purchasing an additional 1,673 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in Arch Coal in the 1st quarter valued at $213,000. B. Riley Financial Inc. bought a new position in Arch Coal in the 1st quarter valued at $299,000. Finally, United Services Automobile Association raised its position in Arch Coal by 23.7% in the 4th quarter. United Services Automobile Association now owns 3,918 shares of the energy company’s stock valued at $325,000 after purchasing an additional 750 shares during the last quarter.
ARCH has been the subject of several research analyst reports. TheStreet downgraded Arch Coal from a “b” rating to a “c+” rating in a research report on Wednesday, May 29th. BMO Capital Markets lifted their price objective on Arch Coal to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. ValuEngine downgraded Arch Coal from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Arch Coal from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.80.
Shares of ARCH stock traded up $0.12 on Friday, reaching $78.66. 9,910 shares of the stock were exchanged, compared to its average volume of 211,371. The company has a market capitalization of $1.49 billion, a PE ratio of 5.10 and a beta of 0.30. Arch Coal Inc has a one year low of $77.92 and a one year high of $101.92. The company has a current ratio of 2.67, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average price is $90.31.
Arch Coal (NYSE:ARCH) last released its earnings results on Wednesday, July 24th. The energy company reported $3.53 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.30. The company had revenue of $570.22 million during the quarter, compared to the consensus estimate of $558.75 million. Arch Coal had a return on equity of 48.65% and a net margin of 14.31%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 earnings per share. As a group, analysts anticipate that Arch Coal Inc will post 17.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.29%. Arch Coal’s payout ratio is currently 11.88%.
Arch Coal Profile
Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. 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; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 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 19,146 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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