Fiduciary Trust Co. Takes $217,000 Position in Arch Coal, Inc. Class A (ARCH)

Fiduciary Trust Co. bought a new position in Arch Coal, Inc. Class A (NASDAQ:ARCH) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,171 shares of the energy company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ARCH. OppenheimerFunds Inc. purchased a new position in Arch Coal, Inc. Class A in the 1st quarter worth approximately $227,270,000. State Street Corp lifted its stake in Arch Coal, Inc. Class A by 3,567.0% in the 1st quarter. State Street Corp now owns 660,065 shares of the energy company’s stock worth $45,504,000 after purchasing an additional 642,065 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Arch Coal, Inc. Class A by 183.6% in the 1st quarter. Ameriprise Financial Inc. now owns 649,452 shares of the energy company’s stock worth $44,772,000 after purchasing an additional 420,414 shares in the last quarter. Systematic Financial Management LP lifted its stake in Arch Coal, Inc. Class A by 92.7% in the 1st quarter. Systematic Financial Management LP now owns 560,460 shares of the energy company’s stock worth $38,638,000 after purchasing an additional 269,563 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Arch Coal, Inc. Class A by 11,912.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 228,241 shares of the energy company’s stock valued at $15,588,000 after buying an additional 226,341 shares during the period.

Several research firms have recently commented on ARCH. Macquarie began coverage on shares of Arch Coal, Inc. Class A in a research report on Thursday, September 7th. They set a “neutral” rating and a $84.00 price target on the stock. 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 research report on Friday, August 25th. Seaport Global Securities reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. MKM Partners reaffirmed a “buy” rating and set a $98.00 price target (up previously from $93.00) on shares of Arch Coal, Inc. Class A in a research report on Thursday, August 24th. Finally, 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 research report on Friday, August 18th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $92.38.

Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 75.45 on Tuesday. The stock has a market cap of $1.83 billion and a price-to-earnings ratio of 1.05. The stock’s 50 day moving average is $76.16 and its 200 day moving average is $71.70. Arch Coal, Inc. Class A has a 52-week low of $59.05 and a 52-week high of $86.47.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.35 per share. 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 1.86%. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03.

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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)

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