Cloud Peak Energy Inc (CLD) Shares Bought by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System boosted its position in Cloud Peak Energy Inc (NYSE:CLD) by 81.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,406 shares of the mining company’s stock after purchasing an additional 23,502 shares during the period. State Board of Administration of Florida Retirement System owned about 0.07% of Cloud Peak Energy worth $192,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. KCG Holdings Inc. purchased a new position in Cloud Peak Energy in the first quarter valued at approximately $112,000. Louisiana State Employees Retirement System lifted its position in shares of Cloud Peak Energy by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock worth $108,000 after acquiring an additional 100 shares in the last quarter. Hartford Investment Management Co. purchased a new stake in shares of Cloud Peak Energy during the second quarter worth $119,000. AJO LP purchased a new stake in shares of Cloud Peak Energy during the second quarter worth $120,000. Finally, IndexIQ Advisors LLC purchased a new stake in shares of Cloud Peak Energy during the second quarter worth $123,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
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CLD has been the topic of several recent research reports. Stifel Nicolaus set a $6.00 target price on Cloud Peak Energy and gave the stock a “buy” rating in a research report on Friday, August 25th. TheStreet upgraded Cloud Peak Energy from a “d+” rating to a “c-” rating in a research report on Friday, October 27th. BMO Capital Markets set a $5.00 target price on Cloud Peak Energy and gave the stock a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Thursday, October 19th. Finally, ValuEngine downgraded Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.11.
Cloud Peak Energy Inc (NYSE:CLD) opened at $4.20 on Wednesday. The firm has a market cap of $314.84, a price-to-earnings ratio of 52.38 and a beta of 1.64. Cloud Peak Energy Inc has a 1-year low of $2.78 and a 1-year high of $6.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.61.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $249.00 million during the quarter, compared to the consensus estimate of $254.82 million. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. research analysts expect that Cloud Peak Energy Inc will post -0.39 EPS for the current year.
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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