Northern Trust Corp Purchases 655,996 Shares of Cloud Peak Energy Inc (CLD)
Northern Trust Corp raised its position in shares of Cloud Peak Energy Inc (NYSE:CLD) by 90.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,380,013 shares of the mining company’s stock after purchasing an additional 655,996 shares during the period. Northern Trust Corp owned 1.84% of Cloud Peak Energy worth $4,871,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. KCG Holdings Inc. bought a new position in shares of Cloud Peak Energy in the 1st quarter valued at approximately $112,000. Louisiana State Employees Retirement System raised its stake in shares of Cloud Peak Energy by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock valued at $108,000 after acquiring an additional 100 shares in the last quarter. Hartford Investment Management Co. bought a new position in shares of Cloud Peak Energy in the 2nd quarter valued at approximately $119,000. AJO LP bought a new position in shares of Cloud Peak Energy in the 2nd quarter valued at approximately $120,000. Finally, IndexIQ Advisors LLC bought a new position in shares of Cloud Peak Energy in the 2nd quarter valued at approximately $123,000. 80.70% of the stock is owned by institutional investors.
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Shares of Cloud Peak Energy Inc (NYSE CLD) opened at $4.30 on Friday. The stock has a market capitalization of $323.11, a P/E ratio of 53.75 and a beta of 1.64. The company has a quick ratio of 1.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.41. Cloud Peak Energy Inc has a fifty-two week low of $2.78 and a fifty-two week high of $6.65.
Cloud Peak Energy (NYSE:CLD) last released its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $249.00 million during the quarter, compared to analyst estimates of $254.82 million. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business earned $0.06 EPS. equities research analysts forecast that Cloud Peak Energy Inc will post -0.39 earnings per share for the current fiscal year.
CLD has been the topic of a number of recent analyst reports. ValuEngine downgraded Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised Cloud Peak Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Stifel Nicolaus set a $6.00 price objective on Cloud Peak Energy and gave the company a “buy” rating in a research note on Friday, August 25th. BMO Capital Markets set a $5.00 price objective on Cloud Peak Energy and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, TheStreet raised Cloud Peak Energy from a “d+” rating to a “c-” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.11.
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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