Arch Coal Inc (ARCH) Position Raised by Neuberger Berman Group LLC

Neuberger Berman Group LLC lifted its holdings in Arch Coal Inc (NYSE:ARCH) by 33.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,965 shares of the energy company’s stock after acquiring an additional 1,000 shares during the quarter. Neuberger Berman Group LLC’s holdings in Arch Coal were worth $364,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ARCH. Bank of New York Mellon Corp boosted its holdings in Arch Coal by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 873,834 shares of the energy company’s stock worth $81,406,000 after buying an additional 26,771 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Arch Coal by 2.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 339,115 shares of the energy company’s stock worth $31,592,000 after buying an additional 7,170 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Arch Coal by 4,086.5% during the fourth quarter. Renaissance Technologies LLC now owns 217,700 shares of the energy company’s stock worth $20,281,000 after buying an additional 212,500 shares in the last quarter. Deutsche Bank AG boosted its holdings in Arch Coal by 227.2% during the fourth quarter. Deutsche Bank AG now owns 134,432 shares of the energy company’s stock worth $12,523,000 after buying an additional 93,346 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Arch Coal by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 104,671 shares of the energy company’s stock worth $9,752,000 after buying an additional 3,128 shares in the last quarter. Hedge funds and other institutional investors own 93.11% of the company’s stock.

A number of analysts recently issued reports on ARCH shares. ValuEngine raised shares of Arch Coal from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 28th. MKM Partners lowered their price target on shares of Arch Coal to $107.00 and set a “buy” rating on the stock in a report on Friday, April 27th. Zacks Investment Research raised shares of Arch Coal from a “hold” rating to a “strong-buy” rating and set a $108.00 price target on the stock in a report on Wednesday, April 4th. Seaport Global Securities set a $112.00 price objective on shares of Arch Coal and gave the company a “buy” rating in a report on Monday, April 23rd. Finally, B. Riley decreased their price target on shares of Arch Coal from $115.00 to $97.00 and set a “buy” rating on the stock in a research note on Friday, April 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.89.



Arch Coal opened at $78.93 on Friday, MarketBeat reports. The company has a current ratio of 2.89, a quick ratio of 2.41 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.63 billion, a PE ratio of 6.89 and a beta of 0.03. Arch Coal Inc has a twelve month low of $60.13 and a twelve month high of $102.61.

Arch Coal (NYSE:ARCH) last posted its quarterly earnings results on Thursday, April 26th. The energy company reported $2.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.30 by ($1.35). Arch Coal had a return on equity of 39.10% and a net margin of 10.73%. The business had revenue of $575.30 million during the quarter, compared to analysts’ expectations of $594.04 million. During the same period in the prior year, the business posted $2.55 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. research analysts anticipate that Arch Coal Inc will post 8.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Wednesday, May 30th. Arch Coal’s payout ratio is currently 14.08%.

Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. 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; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 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 20,165 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.

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

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