Morgan Stanley lessened its stake in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) by 31.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,446 shares of the energy company’s stock after selling 7,246 shares during the quarter. Morgan Stanley’s holdings in Arch Coal, Inc. Class A were worth $1,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OppenheimerFunds Inc. purchased a new stake in shares of Arch Coal, Inc. Class A during the 1st quarter valued at about $227,270,000. Vanguard Group Inc. boosted its holdings in shares of Arch Coal, Inc. Class A by 6.1% in the first quarter. Vanguard Group Inc. now owns 1,629,260 shares of the energy company’s stock worth $112,321,000 after buying an additional 94,240 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Arch Coal, Inc. Class A by 37.3% in the first quarter. Teachers Advisors LLC now owns 610,925 shares of the energy company’s stock worth $42,117,000 after buying an additional 165,887 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of Arch Coal, Inc. Class A by 92.7% in the first quarter. Systematic Financial Management LP now owns 560,460 shares of the energy company’s stock worth $38,638,000 after buying an additional 269,563 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new position in shares of Arch Coal, Inc. Class A in the first quarter worth approximately $276,000.

A number of research firms recently issued reports on ARCH. Macquarie began coverage on shares of Arch Coal, Inc. Class A in a report on Thursday. They issued a “neutral” rating and a $84.00 price objective on the stock. MKM Partners reissued a “buy” rating and issued a $98.00 price objective (up previously from $93.00) on shares of Arch Coal, Inc. Class A in a report on Thursday, August 24th. Clarkson Capital reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. Stifel Nicolaus set a $92.00 price objective on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, J P Morgan Chase & Co raised shares of Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $90.00 in a report on Thursday, August 31st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $91.63.

Arch Coal, Inc. Class A (NASDAQ:ARCH) traded down 2.00% during trading on Friday, hitting $76.55. 182,502 shares of the company were exchanged. The stock has a market capitalization of $1.86 billion and a PE ratio of 1.07. The firm’s 50 day moving average price is $76.14 and its 200-day moving average price is $71.67. Arch Coal, Inc. Class A has a 1-year low of $59.05 and a 1-year high of $86.47.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its earnings results on Thursday, July 27th. The energy company reported $1.85 EPS for the quarter, missing the Zacks’ consensus estimate of $1.92 by $0.07. The company had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. The business’s revenue for the quarter was up 30.8% on a year-over-year basis. Equities analysts predict that Arch Coal, Inc. Class A will post $8.88 EPS for the current year.

The business also recently disclosed 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 represents a $1.40 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03.

TRADEMARK VIOLATION WARNING: This article was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/09/08/arch-coal-inc-class-a-arch-stake-lessened-by-morgan-stanley.html.

About Arch Coal, Inc. Class A

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.

Want to see what other hedge funds are holding ARCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Coal, Inc. Class A (NASDAQ:ARCH).

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

Receive News & Stock Ratings for Arch Coal Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Coal Inc. Class A and related stocks with our FREE daily email newsletter.