JPMorgan Chase & Co. lifted its stake in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) by 11,912.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,241 shares of the energy company’s stock after purchasing an additional 226,341 shares during the period. JPMorgan Chase & Co. owned approximately 0.94% of Arch Coal, Inc. Class A worth $15,588,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Arch Coal, Inc. Class A during the second quarter worth $104,000. Great West Life Assurance Co. Can acquired a new stake in shares of Arch Coal, Inc. Class A during the second quarter worth $164,000. FNY Partners Fund LP raised its position in shares of Arch Coal, Inc. Class A by 150.0% during 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 raised its position in shares of Arch Coal, Inc. Class A by 702.7% during 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, Oppenheimer Asset Management Inc. acquired a new stake in shares of Arch Coal, Inc. Class A during the first quarter worth $219,000.

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Shares of Arch Coal, Inc. Class A (NASDAQ ARCH) opened at 71.15 on Friday. The company has a market cap of $1.73 billion and a P/E ratio of 0.99. Arch Coal, Inc. Class A has a 1-year low of $0.04 and a 1-year high of $86.47. The stock’s 50 day moving average price is $75.08 and its 200 day moving average price is $75.08.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced 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 during the quarter, compared to the consensus estimate of $596.76 million. Arch Coal, Inc. Class A’s revenue was up 30.8% on a year-over-year basis. Equities research analysts forecast that Arch Coal, Inc. Class A will post $9.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a $0.35 dividend. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.97%.

A number of brokerages have recently weighed in on ARCH. Jefferies Group LLC set a $90.00 price target on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Thursday, June 1st. Stifel Nicolaus reiterated a “buy” rating and set a $92.00 price target on shares of Arch Coal, Inc. Class A in a report on Friday, June 23rd. Seaport Global Securities reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. Clarkson Capital restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Finally, MKM Partners restated a “buy” rating and issued a $98.00 target price (up previously from $93.00) on shares of Arch Coal, Inc. Class A in a research note on Thursday, August 24th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $92.38.

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

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