Macquarie Group Ltd. trimmed its holdings in shares of Arch Coal Inc (NYSE:ARCH) by 42.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 800 shares of the energy company’s stock after selling 600 shares during the period. Macquarie Group Ltd.’s holdings in Arch Coal were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mackenzie Financial Corp boosted its position in Arch Coal by 59.9% during the third quarter. Mackenzie Financial Corp now owns 100,359 shares of the energy company’s stock valued at $8,972,000 after buying an additional 37,612 shares during the period. Amalgamated Bank purchased a new stake in Arch Coal during the third quarter valued at about $214,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Arch Coal during the third quarter valued at about $1,591,000. Prudential Financial Inc. boosted its position in Arch Coal by 49.4% during the fourth quarter. Prudential Financial Inc. now owns 101,753 shares of the energy company’s stock valued at $8,444,000 after buying an additional 33,639 shares during the period. Finally, Citigroup Inc. boosted its position in Arch Coal by 22.5% during the fourth quarter. Citigroup Inc. now owns 19,263 shares of the energy company’s stock valued at $1,599,000 after buying an additional 3,540 shares during the period. Institutional investors and hedge funds own 81.03% of the company’s stock.

Several analysts have issued reports on the stock. ValuEngine lowered shares of Arch Coal from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Zacks Investment Research lowered shares of Arch Coal from a “buy” rating to a “hold” rating in a research report on Monday. B. Riley upped their price target on shares of Arch Coal to $125.00 and gave the company a “buy” rating in a research report on Friday, February 15th. Finally, TheStreet raised shares of Arch Coal from a “c” rating to a “b” rating in a research note on Monday, January 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Arch Coal currently has an average rating of “Hold” and a consensus price target of $105.57.

Shares of NYSE:ARCH opened at $89.54 on Friday. The stock has a market cap of $1.55 billion and a PE ratio of 5.91. The company has a quick ratio of 2.29, a current ratio of 2.67 and a debt-to-equity ratio of 0.43. Arch Coal Inc has a 12 month low of $75.09 and a 12 month high of $102.61.

Arch Coal (NYSE:ARCH) last issued its quarterly earnings data on Thursday, February 14th. The energy company reported $4.44 EPS for the quarter, beating the consensus estimate of $3.28 by $1.16. The firm had revenue of $650.96 million during the quarter, compared to the consensus estimate of $570.69 million. Arch Coal had a net margin of 12.75% and a return on equity of 47.94%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.56 earnings per share. On average, equities analysts anticipate that Arch Coal Inc will post 15.05 earnings per share for the current year.

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Arch Coal Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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Institutional Ownership by Quarter for Arch Coal (NYSE:ARCH)

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