Arch Coal Inc. (NYSE:ARCH) major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total transaction of $42,630,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Arch Coal Inc. (ARCH) traded up $1.92 during midday trading on Tuesday, hitting $86.86. 386,900 shares of the stock traded hands, compared to its average volume of 428,851. Arch Coal Inc. has a 12-month low of $60.13 and a 12-month high of $88.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40.

Arch Coal (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.96. The company had revenue of $613.53 million for the quarter, compared to the consensus estimate of $550.35 million. Arch Coal’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.43) EPS. analysts forecast that Arch Coal Inc. will post 9.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.61%.

ARCH has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $92.00 price target on shares of Arch Coal and gave the stock a “buy” rating in a research report on Friday, August 25th. MKM Partners reiterated a “buy” rating and set a $98.00 target price (up previously from $93.00) on shares of Arch Coal in a research report on Thursday, August 24th. Jefferies Group set a $90.00 target price on shares of Arch Coal and gave the company a “buy” rating in a research report on Friday, August 18th. FBR & Co set a $96.00 target price on shares of Arch Coal and gave the company a “buy” rating in a research report on Wednesday, October 11th. Finally, B. Riley reiterated a “buy” rating on shares of Arch Coal in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $93.00.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Arch Coal during the second quarter valued at about $104,000. Royal Bank of Canada lifted its holdings in Arch Coal by 140.6% during the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after purchasing an additional 967 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Arch Coal during the second quarter valued at about $131,000. New York State Teachers Retirement System purchased a new stake in Arch Coal during the third quarter valued at about $136,000. Finally, Meeder Asset Management Inc. purchased a new stake in Arch Coal during the third quarter valued at about $155,000.

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Arch Coal 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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