Luminus Management LLC Takes $4.85 Million Position in Arch Coal Inc (ARCH)

Luminus Management LLC purchased a new stake in shares of Arch Coal Inc (NYSE:ARCH) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 54,300 shares of the energy company’s stock, valued at approximately $4,854,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ARCH. Tower Research Capital LLC TRC acquired a new stake in Arch Coal during the 2nd quarter valued at $105,000. Trilogy Capital Inc. acquired a new stake in Arch Coal during the 2nd quarter valued at $173,000. Ontario Teachers Pension Plan Board acquired a new stake in Arch Coal during the 3rd quarter valued at $208,000. Amalgamated Bank acquired a new stake in Arch Coal during the 3rd quarter valued at $214,000. Finally, Jane Street Group LLC acquired a new stake in Arch Coal during the 2nd quarter valued at $237,000. 74.32% of the stock is owned by institutional investors and hedge funds.

ARCH has been the subject of a number of recent analyst reports. TheStreet raised shares of Arch Coal from a “c” rating to a “b-” rating in a report on Thursday, October 4th. B. Riley raised their price target on shares of Arch Coal from $96.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. MKM Partners set a $126.00 price target on shares of Arch Coal and gave the company a “buy” rating in a report on Thursday, November 8th. ValuEngine raised shares of Arch Coal from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, Zacks Investment Research raised shares of Arch Coal from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $104.67.

Shares of ARCH stock opened at $83.74 on Friday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 7.37 and a beta of -0.21. The company has a quick ratio of 2.13, a current ratio of 2.62 and a debt-to-equity ratio of 0.44. Arch Coal Inc has a 1-year low of $75.09 and a 1-year high of $102.61.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, October 23rd. The energy company reported $6.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.02 by $3.31. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $562.34 million. Arch Coal had a net margin of 13.03% and a return on equity of 49.50%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $2.54 EPS. Equities analysts forecast that Arch Coal Inc will post 14.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, November 29th. Arch Coal’s dividend payout ratio is currently 14.08%.

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Arch Coal 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.

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

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