Tocqueville Asset Management L.P. maintained its position in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) during the second quarter, according to its most recent filing with the SEC. The firm owned 113,650 shares of the energy company’s stock at the end of the second quarter. Tocqueville Asset Management L.P. owned about 0.46% of Arch Coal, Inc. Class A worth $7,762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Parkwood LLC boosted its position in shares of Arch Coal, Inc. Class A by 8.3% in the second quarter. Parkwood LLC now owns 4,680 shares of the energy company’s stock valued at $320,000 after buying an additional 360 shares during the period. Bank of America Corp DE boosted its position in shares of Arch Coal, Inc. Class A by 3.3% in the first quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock valued at $792,000 after buying an additional 370 shares during the period. FNY Partners Fund LP boosted its position in shares of Arch Coal, Inc. Class A by 150.0% in the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock valued at $172,000 after buying an additional 1,500 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of 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 period. Finally, Great West Life Assurance Co. Can bought a new position in shares of Arch Coal, Inc. Class A during the second quarter valued at about $164,000.

Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 76.64 on Wednesday. Arch Coal, Inc. Class A has a 12 month low of $59.05 and a 12 month high of $86.47. The stock has a market capitalization of $1.86 billion and a price-to-earnings ratio of 1.07. The company has a 50-day moving average price of $74.33 and a 200 day moving average price of $71.09.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its earnings results 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 business had revenue of $549.87 million for the quarter, compared to the consensus estimate of $596.76 million. Arch Coal, Inc. Class A’s quarterly 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 year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.35 dividend. This is an increase from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.83%.

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Several equities analysts have recently issued reports on ARCH shares. Jefferies Group LLC set a $90.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Friday, August 18th. Clarkson Capital reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note 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 note on Friday, July 21st. Finally, MKM Partners reiterated a “buy” rating and set a $89.00 price objective (up from $86.00) on shares of Arch Coal, Inc. Class A in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Arch Coal, Inc. Class A presently has an average rating of “Buy” and an average 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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