Arch Coal Inc (NYSE:ARCH) Position Raised by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its holdings in shares of Arch Coal Inc (NYSE:ARCH) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,615 shares of the energy company’s stock after buying an additional 19,710 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Arch Coal were worth $19,040,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ARCH. Hancock Whitney Corp acquired a new position in Arch Coal during the 1st quarter valued at about $1,755,000. The Manufacturers Life Insurance Company increased its position in Arch Coal by 9.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 11,120 shares of the energy company’s stock valued at $1,015,000 after buying an additional 979 shares in the last quarter. State of Tennessee Treasury Department increased its position in Arch Coal by 98.8% during the 1st quarter. State of Tennessee Treasury Department now owns 4,375 shares of the energy company’s stock valued at $399,000 after buying an additional 2,174 shares in the last quarter. Principal Financial Group Inc. increased its position in Arch Coal by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 19,179 shares of the energy company’s stock valued at $1,750,000 after buying an additional 280 shares in the last quarter. Finally, B. Riley Financial Inc. acquired a new position in Arch Coal during the 1st quarter valued at about $299,000.

Several brokerages recently issued reports on ARCH. Zacks Investment Research lowered Arch Coal from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. TheStreet downgraded Arch Coal from a “b” rating to a “c+” rating in a research note on Wednesday, May 29th. BMO Capital Markets boosted their price target on Arch Coal to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. ValuEngine upgraded Arch Coal from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, B. Riley boosted their price target on Arch Coal to $125.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $107.83.

Arch Coal stock traded up $0.43 during trading hours on Friday, hitting $88.56. 10,400 shares of the stock traded hands, compared to its average volume of 193,835. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.31 and a current ratio of 2.80. The company has a market cap of $1.48 billion, a PE ratio of 5.81 and a beta of 0.24. Arch Coal Inc has a 1 year low of $75.09 and a 1 year high of $101.92.

Arch Coal (NYSE:ARCH) last issued its earnings results on Tuesday, April 23rd. The energy company reported $3.91 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $1.38. The firm had revenue of $555.18 million for the quarter, compared to the consensus estimate of $572.79 million. Arch Coal had a return on equity of 47.43% and a net margin of 13.38%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.74 earnings per share. As a group, analysts predict that Arch Coal Inc will post 18.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.45 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.03%. Arch Coal’s payout ratio is 11.88%.

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About Arch Coal

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. 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; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 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 19,146 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.

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

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