Arch Coal Inc (ARCH) Position Boosted by Citigroup Inc.

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Citigroup Inc. boosted its position in shares of Arch Coal Inc (NYSE:ARCH) by 337.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,633 shares of the energy company’s stock after purchasing an additional 30,567 shares during the quarter. Citigroup Inc. owned about 0.19% of Arch Coal worth $3,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Arch Coal by 4,086.5% in the 4th quarter. Renaissance Technologies LLC now owns 217,700 shares of the energy company’s stock valued at $20,281,000 after acquiring an additional 212,500 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Arch Coal by 20.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 893,722 shares of the energy company’s stock valued at $82,115,000 after acquiring an additional 153,520 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Arch Coal in the 4th quarter valued at $9,316,000. Two Sigma Investments LP increased its holdings in shares of Arch Coal by 3,368.1% in the 4th quarter. Two Sigma Investments LP now owns 91,507 shares of the energy company’s stock valued at $8,525,000 after acquiring an additional 94,307 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Arch Coal by 227.2% in the 4th quarter. Deutsche Bank AG now owns 134,432 shares of the energy company’s stock valued at $12,523,000 after acquiring an additional 93,346 shares during the period. Institutional investors own 92.61% of the company’s stock.

Shares of ARCH opened at $79.63 on Tuesday. Arch Coal Inc has a one year low of $60.13 and a one year high of $102.61. The company has a quick ratio of 2.41, a current ratio of 2.89 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 7.01 and a beta of 0.03.

Arch Coal (NYSE:ARCH) last issued its quarterly earnings results on Thursday, April 26th. The energy company reported $2.95 EPS for the quarter, missing the Zacks’ consensus estimate of $4.30 by ($1.35). Arch Coal had a return on equity of 39.10% and a net margin of 10.73%. The firm had revenue of $575.30 million for the quarter, compared to analyst estimates of $594.04 million. During the same period in the prior year, the firm posted $2.55 EPS. The business’s revenue was down 4.3% compared to the same quarter last year. equities research analysts expect that Arch Coal Inc will post 8.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. Arch Coal’s dividend payout ratio is currently 14.08%.

ARCH has been the topic of a number of analyst reports. Zacks Investment Research downgraded Arch Coal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 17th. ValuEngine downgraded Arch Coal from a “hold” rating to a “sell” rating in a research note on Saturday. B. Riley dropped their target price on Arch Coal from $115.00 to $97.00 and set a “buy” rating on the stock in a research note on Friday, April 27th. MKM Partners set a $106.00 target price on Arch Coal and gave the stock a “buy” rating in a research note on Wednesday, June 6th. Finally, Seaport Global Securities set a $112.00 target price on Arch Coal and gave the stock a “buy” rating in a research note on Monday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $102.89.

Arch Coal Company Profile

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. 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; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 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 20,165 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.

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

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