Brookfield Asset Management Inc. held its position in Arch Coal, Inc. Class A (NASDAQ:ARCH) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,943 shares of the energy company’s stock at the end of the first quarter. Brookfield Asset Management Inc.’s holdings in Arch Coal, Inc. Class A were worth $479,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new position in Arch Coal, Inc. Class A during the first quarter valued at $4,741,000. Marathon Asset Management LP raised its position in Arch Coal, Inc. Class A by 0.8% in the first quarter. Marathon Asset Management LP now owns 656,823 shares of the energy company’s stock valued at $45,281,000 after buying an additional 5,386 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in shares of Arch Coal, Inc. Class A during the first quarter valued at about $4,286,000. Otter Creek Advisors LLC increased its stake in shares of Arch Coal, Inc. Class A by 5.4% in the first quarter. Otter Creek Advisors LLC now owns 147,535 shares of the energy company’s stock valued at $10,172,000 after buying an additional 7,525 shares in the last quarter. Finally, Steelhead Partners LLC acquired a new stake in shares of Arch Coal, Inc. Class A during the first quarter valued at about $6,894,000.
Shares of Arch Coal, Inc. Class A (NASDAQ ARCH) opened at 74.68 on Wednesday. The firm’s 50-day moving average price is $68.72 and its 200-day moving average price is $70.73. The firm has a market capitalization of $1.87 billion and a P/E ratio of 1.14. Arch Coal, Inc. Class A has a 12-month low of $59.05 and a 12-month high of $86.47.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings data on Tuesday, May 2nd. The energy company reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.60. The business had revenue of $600.97 million during the quarter, compared to analysts’ expectations of $590.60 million. During the same period last year, the company posted ($9.71) EPS. Arch Coal, Inc. Class A’s revenue for the quarter was up 40.4% on a year-over-year basis. Equities analysts predict that Arch Coal, Inc. Class A will post $9.80 earnings per share for the current fiscal year.
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Several brokerages have recently issued reports on ARCH. 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 research report on Friday, May 19th. Zacks Investment Research downgraded Arch Coal, Inc. Class A from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Jefferies Group LLC set a $90.00 price target on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research report on Thursday, June 1st. FBR & Co lifted their target price on Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Finally, MKM Partners reissued a “buy” rating and set a $89.00 target price (up from $86.00) on shares of Arch Coal, Inc. Class A in a research report on Tuesday, May 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $91.67.
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.
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