Teachers Advisors LLC increased its stake in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) by 26.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 774,404 shares of the energy company’s stock after buying an additional 163,479 shares during the period. Teachers Advisors LLC owned about 3.19% of Arch Coal, Inc. Class A worth $52,892,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. purchased a new stake in Arch Coal, Inc. Class A during the first quarter worth about $227,270,000. Vanguard Group Inc. boosted its holdings in Arch Coal, Inc. Class A by 6.1% during 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in Arch Coal, Inc. Class A by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 995,469 shares of the energy company’s stock worth $67,989,000 after buying an additional 22,752 shares in the last quarter. Contrarius Investment Management Ltd boosted its holdings in Arch Coal, Inc. Class A by 35.9% during the second quarter. Contrarius Investment Management Ltd now owns 789,130 shares of the energy company’s stock worth $53,898,000 after buying an additional 208,487 shares in the last quarter. Finally, State Street Corp boosted its holdings in Arch Coal, Inc. Class A by 3,567.0% during the first quarter. State Street Corp now owns 660,065 shares of the energy company’s stock worth $45,504,000 after buying an additional 642,065 shares in the last quarter.

Several analysts have issued reports on the stock. MKM Partners reaffirmed a “buy” rating and issued a $104.00 price target on shares of Arch Coal, Inc. Class A in a report on Tuesday, September 12th. Clarkson Capital reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. Jefferies Group LLC set a $90.00 price target on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Friday, August 18th. Macquarie assumed coverage on shares of Arch Coal, Inc. Class A in a report on Thursday, September 7th. They issued a “neutral” rating and a $84.00 price target on the stock. Finally, Stifel Nicolaus set a $92.00 price target on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $92.38.

Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 75.30 on Friday. The stock has a market cap of $1.83 billion and a P/E ratio of 1.05. The firm has a 50 day moving average of $75.76 and a 200 day moving average of $74.29. Arch Coal, Inc. Class A has a one year low of $0.04 and a one year high of $86.47.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by ($0.07). The firm had revenue of $549.87 million for the quarter, compared to the consensus estimate of $596.76 million. Arch Coal, Inc. Class A’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, equities research analysts predict that Arch Coal, Inc. Class A will post $9.04 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.35 per share. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.86%.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/09/17/arch-coal-inc-class-a-arch-shares-bought-by-teachers-advisors-llc.html.

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.

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.