TIAA CREF Investment Management LLC boosted its stake in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) by 198.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 82,010 shares of the energy company’s stock after buying an additional 54,510 shares during the period. TIAA CREF Investment Management LLC’s holdings in Arch Coal, Inc. Class A were worth $5,654,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. purchased a new position in shares of Arch Coal, Inc. Class A during the fourth quarter valued at about $107,000. Parkwood LLC boosted its position in shares of Arch Coal, Inc. Class A by 66.5% in the first quarter. Parkwood LLC now owns 4,320 shares of the energy company’s stock valued at $298,000 after buying an additional 1,726 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Arch Coal, Inc. Class A during the fourth quarter valued at about $205,000. Numeric Investors LLC purchased a new position in shares of Arch Coal, Inc. Class A during the fourth quarter valued at about $289,000. Finally, Brookfield Asset Management Inc. purchased a new position in shares of Arch Coal, Inc. Class A during the fourth quarter valued at about $542,000.

Arch Coal, Inc. Class A (ARCH) opened at 74.18 on Tuesday. Arch Coal, Inc. Class A has a one year low of $59.05 and a one year high of $86.47. The company has a 50 day moving average price of $69.12 and a 200-day moving average price of $71.57. The firm has a market capitalization of $1.86 billion and a PE ratio of 1.13.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its earnings results on Tuesday, May 2nd. The energy company reported $2.55 EPS for the quarter, beating the consensus estimate of $1.95 by $0.60. The business had revenue of $600.97 million for the quarter, compared to the consensus estimate of $590.60 million. The business’s revenue was up 40.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($9.71) EPS. On average, equities analysts predict that Arch Coal, Inc. Class A will post $10.02 EPS for the current year.

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A number of equities analysts recently issued reports on ARCH shares. Jefferies Group LLC set a $90.00 target price on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Thursday, June 1st. FBR & Co lifted their target price on Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. MKM Partners restated a “buy” rating and issued a $89.00 target price (up from $86.00) on shares of Arch Coal, Inc. Class A in a report on Tuesday, May 9th. Stifel Nicolaus restated a “buy” rating and issued a $96.00 target price (up from $89.00) on shares of Arch Coal, Inc. Class A in a report on Wednesday, May 3rd. Finally, Zacks Investment Research cut Arch Coal, Inc. Class A from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Arch Coal, Inc. Class A currently has a consensus rating of “Buy” and a consensus 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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