Arch Coal, Inc. Class A (ARCH) Shares Bought by Citigroup Inc.
Citigroup Inc. boosted its position in Arch Coal, Inc. Class A (NASDAQ:ARCH) by 3,950.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,295 shares of the energy company’s stock after buying an additional 19,794 shares during the quarter. Citigroup Inc. owned approximately 0.08% of Arch Coal, Inc. Class A worth $1,386,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Arch Coal, Inc. Class A during the 2nd quarter worth approximately $104,000. Great West Life Assurance Co. Can acquired a new position in shares of Arch Coal, Inc. Class A in the 2nd quarter worth approximately $164,000. FNY Partners Fund LP grew its position in shares of Arch Coal, Inc. Class A by 150.0% in the 1st quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock worth $172,000 after acquiring an additional 1,500 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Arch Coal, Inc. Class A by 702.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,649 shares of the energy company’s stock worth $181,000 after acquiring an additional 2,319 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new position in shares of Arch Coal, Inc. Class A in the 2nd quarter worth approximately $217,000.
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ARCH has been the subject of a number of research analyst reports. Macquarie initiated coverage on 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. MKM Partners restated a “buy” rating and set a $98.00 price objective (up from $93.00) on shares of Arch Coal, Inc. Class A in a research note on Thursday, August 24th. Clarkson Capital reaffirmed 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 upgraded shares of Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $90.00 in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $92.38.
Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 73.19 on Tuesday. Arch Coal, Inc. Class A has a 52 week low of $0.04 and a 52 week high of $86.47. The company’s 50-day moving average price is $73.68 and its 200-day moving average price is $73.68. The company has a market capitalization of $1.78 billion and a P/E ratio of 1.02.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 EPS for the quarter, missing analysts’ consensus estimates 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. The firm’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, equities analysts forecast that Arch Coal, Inc. Class A will post $8.92 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a $0.35 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.40 dividend on an annualized basis and a yield of 1.91%. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03.
Arch Coal, Inc. Class A 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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