Great West Life Assurance Co. Can bought a new position in shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,400 shares of the energy company’s stock, valued at approximately $164,000.

Several other institutional investors and hedge funds have also bought and sold shares of ARCH. OppenheimerFunds Inc. bought a new stake in shares of Arch Coal, Inc. Class A during the first quarter worth approximately $227,270,000. State Street Corp raised its stake in shares of Arch Coal, Inc. Class A by 3,567.0% during the first quarter. State Street Corp now owns 660,065 shares of the energy company’s stock worth $45,504,000 after buying an additional 642,065 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of Arch Coal, Inc. Class A by 92.7% during the first quarter. Systematic Financial Management LP now owns 560,460 shares of the energy company’s stock worth $38,638,000 after buying an additional 269,563 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Arch Coal, Inc. Class A during the first quarter worth approximately $12,460,000. Finally, Teachers Advisors LLC raised its stake in shares of Arch Coal, Inc. Class A by 37.3% during the first quarter. Teachers Advisors LLC now owns 610,925 shares of the energy company’s stock worth $42,117,000 after buying an additional 165,887 shares during the last quarter.

A number of equities research analysts recently weighed in on the stock. MKM Partners reissued a “buy” rating and set a $104.00 price target on shares of Arch Coal, Inc. Class A in a research note on Tuesday. Macquarie assumed 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 target for the company. J P Morgan Chase & Co raised shares of Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $90.00 in a research note on Thursday, August 31st. Stifel Nicolaus set a $92.00 price target on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Jefferies Group LLC set a $90.00 price target on shares of Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research note on Friday, August 18th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $92.38.

Shares of Arch Coal, Inc. Class A (ARCH) opened at 75.30 on Friday. The company has a market cap of $1.83 billion and a P/E ratio of 1.05. Arch Coal, Inc. Class A has a 52 week low of $0.04 and a 52 week high of $86.47. The firm has a 50-day moving average of $75.76 and a 200 day moving average of $74.29.

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

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

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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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