Bank of New York Mellon Corp cut its position in Cloud Peak Energy Inc. (NYSE:CLD) by 24.3% during the second quarter, Holdings Channel reports. The institutional investor owned 597,518 shares of the mining company’s stock after selling 192,030 shares during the period. Bank of New York Mellon Corp owned approximately 0.97% of Cloud Peak Energy worth $1,231,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CLD. Menta Capital LLC increased its position in shares of Cloud Peak Energy by 5.4% in the first quarter. Menta Capital LLC now owns 56,312 shares of the mining company’s stock worth $110,000 after buying an additional 2,898 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cloud Peak Energy during the first quarter worth approximately $1,025,000. A.R.T. Advisors LLC increased its position in shares of Cloud Peak Energy by 137.5% in the first quarter. A.R.T. Advisors LLC now owns 399,680 shares of the mining company’s stock worth $779,000 after buying an additional 231,400 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Cloud Peak Energy during the first quarter worth approximately $947,000. Finally, LMR Partners LLP purchased a new position in shares of Cloud Peak Energy during the second quarter worth approximately $157,000. Institutional investors and hedge funds own 77.13% of the company’s stock.
Shares of Cloud Peak Energy Inc. (NYSE:CLD) traded up 0.90% during midday trading on Thursday, reaching $5.59. The company had a trading volume of 887,047 shares. The company’s 50 day moving average price is $4.44 and its 200 day moving average price is $2.90. The stock’s market capitalization is $329.84 million. Cloud Peak Energy Inc. has a 52-week low of $1.08 and a 52-week high of $5.85.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings results on Thursday, July 28th. The mining company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.79. The company had revenue of $174.20 million for the quarter, compared to analyst estimates of $171.57 million. Cloud Peak Energy had a positive return on equity of 3.70% and a negative net margin of 16.17%. Cloud Peak Energy’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.87) EPS. Equities research analysts expect that Cloud Peak Energy Inc. will post ($0.51) earnings per share for the current year.
A number of equities analysts have commented on CLD shares. Zacks Investment Research downgraded shares of Cloud Peak Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 28th. FBR & Co boosted their price target on Cloud Peak Energy from $1.25 to $1.75 and gave the stock an “underperform” rating in a research note on Friday, July 29th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Cloud Peak Energy presently has an average rating of “Hold” and an average price target of $7.28.
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). The Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Company operates through two segments: Owned and Operated Mines segment, and Logistics and Related Activities.
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