Legal & General Group Plc Acquires New Stake in Arch Coal, Inc. Class A (NASDAQ:ARCH)

Legal & General Group Plc bought a new position in Arch Coal, Inc. Class A (NASDAQ:ARCH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,995 shares of the energy company’s stock, valued at approximately $342,000.

Several other large investors have also recently made changes to their positions in ARCH. Wells Fargo & Company MN raised its position in shares of Arch Coal, Inc. Class A by 303.0% in the 1st quarter. Wells Fargo & Company MN now owns 21,024 shares of the energy company’s stock worth $1,449,000 after acquiring an additional 15,807 shares in the last quarter. Teachers Advisors LLC increased its position in Arch Coal, Inc. Class A by 37.3% during the 1st quarter. Teachers Advisors LLC now owns 610,925 shares of the energy company’s stock valued at $42,117,000 after buying an additional 165,887 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Arch Coal, Inc. Class A by 198.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 82,010 shares of the energy company’s stock valued at $5,654,000 after buying an additional 54,510 shares in the last quarter. Ngam Advisors L.P. purchased a new stake in Arch Coal, Inc. Class A during the 1st quarter valued at $1,562,000. Finally, Loomis Sayles & Co. L P purchased a new stake in Arch Coal, Inc. Class A during the 1st quarter valued at $12,460,000.

ARCH has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $92.00 target price on shares of Arch Coal, Inc. Class A in a research note on Friday, June 23rd. Jefferies Group LLC restated a “buy” rating and issued a $90.00 price target on shares of Arch Coal, Inc. Class A in a research note on Friday, July 7th. Seaport Global Securities restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Zacks Investment Research downgraded Arch Coal, Inc. Class A from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. Finally, J P Morgan Chase & Co upgraded Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $90.00 in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $93.00.

Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 72.87 on Wednesday. The firm’s 50-day moving average price is $74.12 and its 200-day moving average price is $72.44. Arch Coal, Inc. Class A has a 12-month low of $60.13 and a 12-month high of $86.47. The company has a market capitalization of $1.77 billion and a PE ratio of 1.01.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its quarterly earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.07). The firm had revenue of $549.87 million for the quarter, compared to analyst estimates of $596.76 million. The company’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, analysts expect that Arch Coal, Inc. Class A will post $8.94 EPS for the current fiscal year.

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Arch Coal, Inc. Class A Company 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.

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

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