TIAA CREF Investment Management LLC Buys 57,509 Shares of Arch Coal, Inc. Class A (ARCH)

TIAA CREF Investment Management LLC lifted its stake in Arch Coal, Inc. Class A (NASDAQ:ARCH) by 70.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,519 shares of the energy company’s stock after purchasing an additional 57,509 shares during the period. TIAA CREF Investment Management LLC owned 0.57% of Arch Coal, Inc. Class A worth $9,529,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Arch Coal, Inc. Class A by 303.0% during the 1st quarter. Wells Fargo & Company MN now owns 21,024 shares of the energy company’s stock worth $1,449,000 after buying an additional 15,807 shares during the period. SG Americas Securities LLC acquired a new stake in Arch Coal, Inc. Class A during the 1st quarter worth $1,316,000. Teachers Advisors LLC raised its stake 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 worth $42,117,000 after buying an additional 165,887 shares during the period. Ngam Advisors L.P. acquired a new stake in Arch Coal, Inc. Class A during the 1st quarter worth $1,562,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Arch Coal, Inc. Class A during the 1st quarter worth $12,460,000.

Several analysts recently commented on ARCH shares. J P Morgan Chase & Co raised Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $90.00 in a research note on Thursday, August 31st. Stifel Nicolaus reissued a “buy” rating and issued a $92.00 price target on shares of Arch Coal, Inc. Class A in a research note on Friday, July 21st. MKM Partners reissued a “buy” rating and issued a $98.00 price target (up previously from $93.00) on shares of Arch Coal, Inc. Class A in a research note on Thursday, August 24th. 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, FBR & Co reissued a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $94.29.

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Shares of Arch Coal, Inc. Class A (ARCH) opened at 71.14 on Friday. The company has a 50 day moving average price of $73.40 and a 200-day moving average price of $73.40. The firm has a market cap of $1.73 billion and a P/E ratio of 0.99. Arch Coal, Inc. Class A has a 52-week low of $61.60 and a 52-week high of $86.47.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.07). The company had revenue of $549.87 million for the quarter, compared to the consensus estimate of $596.76 million. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, analysts expect that Arch Coal, Inc. Class A will post $8.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Tuesday, August 29th. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03.

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

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