Ameriprise Financial Inc. Increases Position in Arch Coal, Inc. Class A (ARCH)

Ameriprise Financial Inc. raised its stake in Arch Coal, Inc. Class A (NASDAQ:ARCH) by 183.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 649,452 shares of the energy company’s stock after buying an additional 420,414 shares during the period. Ameriprise Financial Inc. owned about 2.60% of Arch Coal, Inc. Class A worth $44,772,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Monarch Alternative Capital LP acquired a new position in Arch Coal, Inc. Class A during the fourth quarter valued at about $258,247,000. FMR LLC acquired a new position in Arch Coal, Inc. Class A during the fourth quarter valued at about $66,261,000. Highland Capital Management LP acquired a new position in Arch Coal, Inc. Class A during the fourth quarter valued at about $51,191,000. Alken Asset Management Ltd. acquired a new position in Arch Coal, Inc. Class A during the fourth quarter valued at about $48,592,000. Finally, Jennison Associates LLC purchased a new stake in Arch Coal, Inc. Class A during the first quarter worth $31,639,000.

Institutional Ownership by Quarter for Arch Coal, Inc. Class A (NASDAQ:ARCH)

Shares of Arch Coal, Inc. Class A (ARCH) traded down 1.95% on Friday, hitting $63.70. The company’s stock had a trading volume of 749,212 shares. The company has a market cap of $1.59 billion and a price-to-earnings ratio of 0.97. Arch Coal, Inc. Class A has a 52 week low of $59.05 and a 52 week high of $86.47. The stock’s 50 day moving average is $71.03 and its 200-day moving average is $72.64.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its quarterly earnings data on Tuesday, May 2nd. The energy company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.60. The firm had revenue of $600.97 million during the quarter, compared to analyst estimates of $590.60 million. During the same period in the prior year, the business posted ($9.71) EPS. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. On average, equities research analysts anticipate that Arch Coal, Inc. Class A will post $10.05 earnings per share for the current year.

The company also recently disclosed a special dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.35 dividend. The ex-dividend date was Friday, May 26th.

COPYRIGHT VIOLATION NOTICE: “Ameriprise Financial Inc. Increases Position in Arch Coal, Inc. Class A (ARCH)” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/06/16/ameriprise-financial-inc-has-44-772-million-stake-in-arch-coal-inc-class-a-arch-updated-updated-updated.html.

A number of research firms recently weighed in on ARCH. Jefferies Group LLC set a $90.00 price target on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a report on Thursday, June 1st. Stifel Nicolaus lowered their price target on Arch Coal, Inc. Class A from $96.00 to $92.00 and set a “buy” rating on the stock in a report on Friday, May 19th. FBR & Co upped their price target 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 15th. MKM Partners restated a “buy” rating and issued a $89.00 price target (up previously from $86.00) on shares of Arch Coal, Inc. Class A in a report on Tuesday, May 9th. 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 investment 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 has an average rating of “Buy” and an average price target 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.

Receive News & Ratings for Arch Coal Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Coal Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply