Public Employees Retirement System of Ohio purchased a new position in shares of Arch Coal Inc (NYSE:ARCH) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,223 shares of the energy company’s stock, valued at approximately $765,000.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its position in Arch Coal by 0.5% during the 4th quarter. BlackRock Inc. now owns 1,249,939 shares of the energy company’s stock valued at $103,731,000 after purchasing an additional 6,141 shares in the last quarter. Packer & Co Ltd raised its position in shares of Arch Coal by 105.1% in the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the energy company’s stock worth $50,167,000 after acquiring an additional 635,300 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Arch Coal by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,001,146 shares of the energy company’s stock worth $83,085,000 after acquiring an additional 17,728 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Arch Coal by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 444,090 shares of the energy company’s stock worth $39,702,000 after acquiring an additional 8,646 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Arch Coal by 11.0% in the 3rd quarter. Renaissance Technologies LLC now owns 332,400 shares of the energy company’s stock worth $29,717,000 after acquiring an additional 33,000 shares in the last quarter. 81.03% of the stock is owned by hedge funds and other institutional investors.

Shares of ARCH stock opened at $87.21 on Monday. Arch Coal Inc has a 1-year low of $75.09 and a 1-year high of $102.61. The company has a current ratio of 2.67, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43. The firm has a market cap of $1.52 billion and a P/E ratio of 5.76.

Arch Coal (NYSE:ARCH) last announced its earnings results on Thursday, February 14th. The energy company reported $4.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $1.16. Arch Coal had a return on equity of 47.94% and a net margin of 12.75%. The firm had revenue of $650.96 million for the quarter, compared to the consensus estimate of $570.69 million. During the same period in the previous year, the business earned $2.56 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, equities research analysts forecast that Arch Coal Inc will post 14.33 earnings per share for the current fiscal year.

ARCH has been the subject of several recent research reports. TheStreet raised Arch Coal from a “c” rating to a “b” rating in a research report on Monday, January 28th. Zacks Investment Research raised Arch Coal from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Wednesday, January 23rd. ValuEngine lowered Arch Coal from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, B. Riley boosted their price target on Arch Coal to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $105.43.

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About Arch Coal

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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