Cloud Peak Energy Inc (CLD) Shares Bought by Arizona State Retirement System
Arizona State Retirement System raised its holdings in Cloud Peak Energy Inc (NYSE:CLD) by 0.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,153 shares of the mining company’s stock after buying an additional 100 shares during the quarter. Arizona State Retirement System owned 0.05% of Cloud Peak Energy worth $138,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLD. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Cloud Peak Energy during the 1st quarter worth approximately $5,249,000. Russell Investments Group Ltd. lifted its position in shares of Cloud Peak Energy by 44.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock worth $5,498,000 after buying an additional 368,260 shares during the period. Laurion Capital Management LP bought a new position in shares of Cloud Peak Energy during the 1st quarter worth approximately $1,083,000. Great West Life Assurance Co. Can lifted its position in shares of Cloud Peak Energy by 25.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock worth $435,000 after buying an additional 19,366 shares during the period. Finally, State of Tennessee Treasury Department lifted its position in shares of Cloud Peak Energy by 45.3% during the 1st quarter. State of Tennessee Treasury Department now owns 70,844 shares of the mining company’s stock worth $324,000 after buying an additional 22,095 shares during the period. 81.14% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on CLD. BidaskClub downgraded Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut Cloud Peak Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 23rd. ValuEngine cut Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a research note on Tuesday, July 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $6.00 price objective on shares of Cloud Peak Energy in a research note on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $5.41.
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Shares of Cloud Peak Energy Inc (CLD) opened at 3.36 on Thursday. Cloud Peak Energy Inc has a 12 month low of $2.78 and a 12 month high of $8.03. The company’s 50-day moving average price is $3.17 and its 200-day moving average price is $3.65. The firm’s market cap is $252.44 million.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). Cloud Peak Energy had a negative net margin of 0.47% and a positive return on equity of 0.54%. The company had revenue of $229.20 million during the quarter, compared to analyst estimates of $236.94 million. During the same quarter last year, the business posted $0.48 EPS. The firm’s revenue for the quarter was up 31.6% on a year-over-year basis. On average, analysts predict that Cloud Peak Energy Inc will post ($0.49) EPS for the current year.
Cloud Peak Energy Company Profile
Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.
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