Cloud Peak Energy Inc (CLD) Position Trimmed by Silver Point Capital L.P.
Silver Point Capital L.P. trimmed its holdings in shares of Cloud Peak Energy Inc (NYSE:CLD) by 45.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,000 shares of the mining company’s stock after selling 225,000 shares during the period. Cloud Peak Energy makes up about 0.1% of Silver Point Capital L.P.’s holdings, making the stock its 20th biggest position. Silver Point Capital L.P. owned approximately 0.37% of Cloud Peak Energy worth $971,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of CLD. Precocity Capital LP acquired a new position in Cloud Peak Energy during the first quarter valued at $5,267,000. MARSHALL WACE ASIA Ltd acquired a new position in Cloud Peak Energy during the first quarter valued at $5,249,000. Marshall Wace North America L.P. acquired a new position in Cloud Peak Energy during the first quarter valued at $5,249,000. Renaissance Technologies LLC raised its position in Cloud Peak Energy by 35.6% during the first quarter. Renaissance Technologies LLC now owns 3,795,600 shares of the mining company’s stock valued at $17,384,000 after buying an additional 996,600 shares during the period. Finally, Gendell Jeffrey L raised its position in Cloud Peak Energy by 69.3% during the first quarter. Gendell Jeffrey L now owns 2,253,554 shares of the mining company’s stock valued at $10,321,000 after buying an additional 922,752 shares during the period. 81.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cloud Peak Energy Inc (CLD) remained flat at $3.82 on Thursday. The stock had a trading volume of 342,462 shares. The company’s market cap is $287.00 million. The firm’s 50-day moving average price is $3.30 and its 200 day moving average price is $3.57. Cloud Peak Energy Inc has a 52-week low of $2.78 and a 52-week high of $8.03.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The firm had revenue of $229.20 million for the quarter, compared to the consensus estimate of $236.94 million. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. Equities research analysts expect that Cloud Peak Energy Inc will post ($0.47) EPS for the current year.
Several research analysts recently weighed in on the company. Zacks Investment Research lowered Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $6.00 target price on shares of Cloud Peak Energy in a research report on Friday, July 21st. BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the stock a “hold” rating in a research report on Tuesday, July 4th. BidaskClub lowered Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, ValuEngine lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $5.29.
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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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