Bank of America Corp DE increased its stake in shares of Cloud Peak Energy Inc (NYSE:CLD) by 22.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 300,045 shares of the mining company’s stock after buying an additional 54,692 shares during the period. Bank of America Corp DE’s holdings in Cloud Peak Energy were worth $1,374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MARSHALL WACE ASIA Ltd acquired a new position in shares of Cloud Peak Energy during the first quarter valued at approximately $5,249,000. Russell Investments Group Ltd. boosted its position in shares of Cloud Peak Energy by 44.3% in the first quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock valued at $5,498,000 after buying an additional 368,260 shares during the last quarter. Laurion Capital Management LP acquired a new position in shares of Cloud Peak Energy during the first quarter valued at approximately $1,083,000. Great West Life Assurance Co. Can boosted its position in shares of Cloud Peak Energy by 25.5% in the first quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock valued at $435,000 after buying an additional 19,366 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its position in shares of Cloud Peak Energy by 45.3% in the first quarter. State of Tennessee Treasury Department now owns 70,844 shares of the mining company’s stock valued at $324,000 after buying an additional 22,095 shares during the last quarter. Institutional investors own 81.08% of the company’s stock.

Shares of Cloud Peak Energy Inc (NYSE:CLD) traded down 2.85% during trading on Thursday, hitting $3.07. 118,451 shares of the stock traded hands. Cloud Peak Energy Inc has a 1-year low of $2.90 and a 1-year high of $8.03. The stock has a 50 day moving average price of $3.46 and a 200-day moving average price of $4.00. The stock’s market cap is $230.65 million.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The company had revenue of $229.20 million for the quarter, compared to the consensus estimate of $236.94 million. Cloud Peak Energy had a negative net margin of 0.47% and a positive return on equity of 0.54%. The firm’s quarterly revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS. Equities analysts forecast that Cloud Peak Energy Inc will post ($0.49) EPS for the current year.

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Several research analysts recently commented on the stock. Zacks Investment Research cut shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Tuesday. BMO Capital Markets set a $4.00 target price on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. ValuEngine cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub cut shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $6.00 target price on shares of Cloud Peak Energy in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $5.41.

About Cloud Peak Energy

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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Institutional Ownership by Quarter for Cloud Peak Energy (NYSE:CLD)

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