Hexavest Inc. Takes Position in Arch Coal Inc (NYSE:ARCH)

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Hexavest Inc. bought a new stake in Arch Coal Inc (NYSE:ARCH) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,565 shares of the energy company’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp lifted its stake in shares of Arch Coal by 36.6% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 5,600 shares of the energy company’s stock valued at $535,000 after purchasing an additional 1,500 shares during the period. Qtron Investments LLC increased its position in Arch Coal by 22.1% during the 2nd quarter. Qtron Investments LLC now owns 2,969 shares of the energy company’s stock valued at $280,000 after buying an additional 538 shares in the last quarter. Holocene Advisors LP increased its position in Arch Coal by 65.7% during the 2nd quarter. Holocene Advisors LP now owns 9,287 shares of the energy company’s stock valued at $875,000 after buying an additional 3,682 shares in the last quarter. Ancora Advisors LLC increased its position in Arch Coal by 19.0% during the 2nd quarter. Ancora Advisors LLC now owns 93,896 shares of the energy company’s stock valued at $8,846,000 after buying an additional 15,022 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Arch Coal by 160.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 20,245 shares of the energy company’s stock valued at $1,907,000 after buying an additional 12,483 shares in the last quarter.

Shares of ARCH opened at $79.33 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.67 and a quick ratio of 2.12. Arch Coal Inc has a one year low of $68.63 and a one year high of $101.92. The firm has a market capitalization of $1.23 billion, a P/E ratio of 5.24 and a beta of 0.38. The business has a fifty day moving average of $76.12 and a 200 day moving average of $85.92.

Arch Coal (NYSE:ARCH) last issued its quarterly earnings data on Wednesday, July 24th. The energy company reported $3.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.30. Arch Coal had a return on equity of 48.65% and a net margin of 14.31%. The company had revenue of $570.22 million during the quarter, compared to analyst estimates of $558.75 million. During the same quarter in the previous year, the company posted $2.06 earnings per share. Arch Coal’s revenue was down 3.7% compared to the same quarter last year. Analysts expect that Arch Coal Inc will post 15.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, August 29th. Arch Coal’s payout ratio is currently 11.88%.

In other news, Director Holly K. Koeppel acquired 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average price of $89.02 per share, with a total value of $195,844.00. Following the completion of the acquisition, the director now directly owns 2,200 shares of the company’s stock, valued at approximately $195,844. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.63% of the company’s stock.

A number of analysts have commented on ARCH shares. Jefferies Financial Group lowered Arch Coal from a “buy” rating to a “hold” rating and reduced their target price for the stock from $115.00 to $80.00 in a report on Tuesday, August 6th. TheStreet raised Arch Coal from a “c” rating to a “b-” rating in a report on Monday, October 7th. ValuEngine raised Arch Coal from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. B. Riley set a $116.00 target price on Arch Coal and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Zacks Investment Research lowered Arch Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $102.43.

Arch Coal Profile

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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