Monarch Debt Recovery Master Fund Ltd

revealed that they own a 11.5% stake in Arch Coal, Inc. Class A (NASDAQ:ARCH) in a Schedule 13D/A disclosure that was filed with the SEC on Friday, September 15th. The investor owns 2,558,732 shares of the stock valued at $192,672,520. The reporting parties listed on the disclosure included Monarch Debt Recovery Master Fund Ltd, Monarch Alternative Capital LP, Mdra Gp LLC and Monarch GP LLC. The disclosure is available through the SEC website at this hyperlink.

Monarch Debt Recovery Master Fund Ltd

provided the following explanation of their ownership:

Item 4 of the Schedule 13D is hereby amended to include the following:
On September 13,2017, the Issuer, on the one hand, and Monarch Alternative Solutions Master Fund Ltd, Monarch Capital Master Partners III LP, MCP Holdings Master LP, Monarch Debt Recovery Master Fund Ltd and P Monarch Recovery Ltd., on the other hand (the “ Monarch Parties”), entered into a Stock Repurchase Agreement (the “ Stock Repurchase Agreement”), which provides that the Issuer will repurchase a total of 750,000 shares of Common Stock from the Monarch Parties at a price of $74.33 per share, resulting in an aggregate purchase price of $55,747,500.

A number of other large investors have also modified their holdings of ARCH. OppenheimerFunds Inc. acquired a new position in Arch Coal, Inc. Class A in the 1st quarter worth approximately $227,270,000. BlackRock Inc. grew its stake in shares of Arch Coal, Inc. Class A by 242.4% during the 2nd quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock worth $96,680,000 after purchasing an additional 1,002,176 shares during the period. State Street Corp grew its stake in shares of Arch Coal, Inc. Class A by 3,567.0% during the 1st quarter. State Street Corp now owns 660,065 shares of the energy company’s stock worth $45,504,000 after purchasing an additional 642,065 shares during the period. Davidson Kempner Capital Management LP grew its stake in shares of Arch Coal, Inc. Class A by 51.2% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock worth $68,297,000 after purchasing an additional 338,500 shares during the period. Finally, Systematic Financial Management LP grew its stake in shares of Arch Coal, Inc. Class A by 92.7% during the 1st quarter. Systematic Financial Management LP now owns 560,460 shares of the energy company’s stock worth $38,638,000 after purchasing an additional 269,563 shares during the period.

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Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) traded down 2.17% during midday trading on Friday, hitting $75.30. 360,801 shares of the stock were exchanged. The firm has a 50 day moving average of $75.88 and a 200-day moving average of $73.98. 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.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.07). The firm had revenue of $549.87 million during the quarter, compared to analyst estimates of $596.76 million. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. Equities analysts expect that Arch Coal, Inc. Class A will post $9.04 EPS for the current year.

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

A number of brokerages have recently commented on ARCH. Macquarie began coverage on shares of Arch Coal, Inc. Class A in a research note on Thursday, September 7th. They set a “neutral” rating and a $84.00 price objective on the stock. MKM Partners reaffirmed a “buy” rating and set a $98.00 price objective (up previously from $93.00) on shares of Arch Coal, Inc. Class A in a research note on Thursday, August 24th. Clarkson Capital reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Stifel Nicolaus set a $92.00 price objective on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, J P Morgan Chase & Co raised shares of Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $90.00 in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.38.

Arch Coal, Inc. Class A Profile

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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