Alps Advisors Inc. acquired a new stake in shares of Cloud Peak Energy (NYSE:CLD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 128,751 shares of the mining company’s stock, valued at approximately $375,000. Alps Advisors Inc. owned approximately 0.17% of Cloud Peak Energy at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of CLD. Renaissance Technologies LLC grew its stake in Cloud Peak Energy by 20.0% during the fourth quarter. Renaissance Technologies LLC now owns 5,953,000 shares of the mining company’s stock valued at $26,491,000 after acquiring an additional 990,400 shares in the last quarter. Millennium Management LLC grew its stake in Cloud Peak Energy by 738.6% during the fourth quarter. Millennium Management LLC now owns 1,042,506 shares of the mining company’s stock valued at $4,639,000 after acquiring an additional 918,196 shares in the last quarter. Guggenheim Capital LLC grew its stake in Cloud Peak Energy by 324.5% during the fourth quarter. Guggenheim Capital LLC now owns 622,882 shares of the mining company’s stock valued at $2,770,000 after acquiring an additional 476,140 shares in the last quarter. Deutsche Bank AG grew its stake in Cloud Peak Energy by 681.6% during the fourth quarter. Deutsche Bank AG now owns 542,410 shares of the mining company’s stock valued at $2,412,000 after acquiring an additional 473,017 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Cloud Peak Energy during the fourth quarter valued at approximately $1,886,000. 83.26% of the stock is owned by institutional investors.
CLD has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. ValuEngine lowered shares of Cloud Peak Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 17th. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 target price (down from $7.00) on shares of Cloud Peak Energy in a research report on Tuesday, February 20th. TheStreet lowered shares of Cloud Peak Energy from a “c-” rating to a “d+” rating in a research report on Monday, February 26th. Finally, JPMorgan Chase lowered shares of Cloud Peak Energy from a “neutral” rating to an “underweight” rating in a research report on Wednesday, March 28th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $4.40.
Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Thursday, April 26th. The mining company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Cloud Peak Energy had a net margin of 0.63% and a negative return on equity of 2.05%. The company had revenue of $216.30 million for the quarter, compared to the consensus estimate of $230.40 million. During the same quarter in the previous year, the firm earned ($0.30) earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. equities research analysts predict that Cloud Peak Energy will post -0.27 earnings per share for the current fiscal year.
Cloud Peak Energy Profile
Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.
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