Cambridge Investment Research Advisors Inc. bought a new stake in Arch Coal Inc. (NYSE:ARCH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,696 shares of the energy company’s stock, valued at approximately $480,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Arch Coal by 242.4% in the 2nd quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock valued at $96,680,000 after acquiring an additional 1,002,176 shares during the last quarter. Davidson Kempner Capital Management LP increased its holdings in shares of Arch Coal by 51.2% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock valued at $68,297,000 after acquiring an additional 338,500 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Arch Coal by 11,912.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 228,241 shares of the energy company’s stock valued at $15,588,000 after acquiring an additional 226,341 shares during the last quarter. Contrarius Investment Management Ltd increased its holdings in shares of Arch Coal by 35.9% in the 2nd quarter. Contrarius Investment Management Ltd now owns 789,130 shares of the energy company’s stock valued at $53,898,000 after acquiring an additional 208,487 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Arch Coal by 450.0% in the 2nd quarter. Northern Trust Corp now owns 252,215 shares of the energy company’s stock valued at $17,226,000 after acquiring an additional 206,361 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Arch Coal Inc. (NYSE:ARCH) opened at $80.99 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40. Arch Coal Inc. has a 12-month low of $60.13 and a 12-month high of $86.35.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.96. The business had revenue of $613.53 million for the quarter, compared to analyst estimates of $550.35 million. During the same quarter last year, the firm posted ($1.43) EPS. The company’s revenue was up 11.5% compared to the same quarter last year. equities research analysts predict that Arch Coal Inc. will post 9.62 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.73%.

A number of research analysts recently commented on ARCH shares. Stifel Nicolaus set a $92.00 price objective on Arch Coal and gave the stock a “buy” rating in a research note on Friday, August 25th. MKM Partners restated a “buy” rating and set a $98.00 price objective (up from $93.00) on shares of Arch Coal in a research note on Thursday, August 24th. Jefferies Group LLC set a $90.00 price objective on Arch Coal and gave the stock a “buy” rating in a research note on Friday, August 18th. FBR & Co set a $96.00 price objective on Arch Coal and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Finally, B. Riley restated a “buy” rating on shares of Arch Coal in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $93.00.

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Arch Coal 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 (NYSE:ARCH)

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