GLG Partners LP lowered its stake in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) by 64.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,163 shares of the energy company’s stock after selling 9,250 shares during the quarter. GLG Partners LP’s holdings in Arch Coal, Inc. Class A were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Arch Coal, Inc. Class A in the second quarter worth about $104,000. Great West Life Assurance Co. Can purchased a new stake in Arch Coal, Inc. Class A in the second quarter worth about $164,000. FNY Partners Fund LP grew its holdings in 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 worth $172,000 after purchasing an additional 1,500 shares during the period. BNP Paribas Arbitrage SA grew its holdings in 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 worth $181,000 after purchasing an additional 2,319 shares during the period. Finally, Fiduciary Trust Co. purchased a new stake in Arch Coal, Inc. Class A in the second quarter worth about $217,000.

Arch Coal, Inc. Class A (NASDAQ ARCH) opened at 73.205 on Thursday. The company has a market cap of $1.78 billion and a P/E ratio of 1.019. Arch Coal, Inc. Class A has a 52 week low of $59.05 and a 52 week high of $86.47. The stock has a 50 day moving average of $73.55 and a 200 day moving average of $73.55.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its earnings results 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 business had revenue of $549.87 million for the quarter, compared to analyst estimates of $596.76 million. The company’s quarterly revenue was up 30.8% on a year-over-year basis. On average, analysts expect that Arch Coal, Inc. Class A will post $8.92 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a $0.35 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03.

A number of brokerages have weighed in on ARCH. Clarkson Capital restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. MKM Partners restated a “buy” rating and issued a $104.00 price objective on shares of Arch Coal, Inc. Class A in a report on Tuesday, September 12th. Jefferies Group LLC set a $90.00 price objective on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Friday, August 18th. FBR & Co restated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Tuesday, September 19th. Finally, Macquarie began 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 objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $94.29.

COPYRIGHT VIOLATION NOTICE: “Arch Coal, Inc. Class A (ARCH) Shares Sold by GLG Partners LP” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/arch-coal-inc-class-a-arch-shares-sold-by-glg-partners-lp/1610291.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.

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

Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.