NGAM Advisors L.P. increased its stake in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) by 46.1% during the second quarter, Holdings Channel reports. The fund owned 33,101 shares of the energy company’s stock after buying an additional 10,448 shares during the period. NGAM Advisors L.P.’s holdings in Arch Coal, Inc. Class A were worth $2,261,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ARCH. Parkwood LLC boosted its stake in Arch Coal, Inc. Class A by 8.3% in the second quarter. Parkwood LLC now owns 4,680 shares of the energy company’s stock valued at $320,000 after buying an additional 360 shares in the last quarter. Bank of America Corp DE boosted its stake in Arch Coal, Inc. Class A by 3.3% in the first quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock valued at $792,000 after buying an additional 370 shares in the last quarter. FNY Partners Fund LP boosted its stake 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 valued at $172,000 after buying an additional 1,500 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Arch Coal, Inc. Class A during the fourth quarter valued at approximately $205,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Arch Coal, Inc. Class A during the first quarter valued at approximately $219,000.

Arch Coal, Inc. Class A (ARCH) opened at 75.21 on Friday. The company has a market cap of $1.83 billion and a price-to-earnings ratio of 1.05. Arch Coal, Inc. Class A has a one year low of $0.04 and a one year high of $86.47. The firm has a 50-day moving average price of $72.87 and a 200 day moving average price of $71.07.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by $0.07. The business had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. The company’s quarterly revenue was up 30.8% on a year-over-year basis. Equities analysts expect that Arch Coal, Inc. Class A will post $9.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.35 per share. This is an increase from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. The ex-dividend date is Tuesday, August 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.86%.

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Several equities research analysts recently commented on the company. Clarkson Capital reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Jefferies Group LLC set a $90.00 target price on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Saturday, April 22nd. FBR & Co raised their target price on Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. Seaport Global Securities reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Finally, MKM Partners reaffirmed a “buy” rating and set a $89.00 target price (up previously from $86.00) on shares of Arch Coal, Inc. Class A in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Arch Coal, Inc. Class A currently has a consensus rating of “Buy” and an average target price of $91.67.

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.

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

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