Principal Financial Group Inc. boosted its stake in Cloud Peak Energy Inc (NYSE:CLD) by 26.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,793 shares of the mining company’s stock after buying an additional 119,101 shares during the period. Principal Financial Group Inc.’s holdings in Cloud Peak Energy were worth $2,610,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. OppenheimerFunds Inc. raised its position in shares of Cloud Peak Energy by 75.0% in the first quarter. OppenheimerFunds Inc. now owns 148,529 shares of the mining company’s stock valued at $680,000 after buying an additional 63,642 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Cloud Peak Energy by 43.9% in the first quarter. Van ECK Associates Corp now owns 328,819 shares of the mining company’s stock valued at $1,506,000 after buying an additional 100,293 shares in the last quarter. ClariVest Asset Management LLC raised its position in shares of Cloud Peak Energy by 59.9% in the first quarter. ClariVest Asset Management LLC now owns 119,756 shares of the mining company’s stock valued at $548,000 after buying an additional 44,879 shares in the last quarter. Boston Private Wealth LLC purchased a new position in shares of Cloud Peak Energy during the first quarter valued at about $206,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Cloud Peak Energy during the first quarter valued at about $322,000. 80.87% of the stock is owned by hedge funds and other institutional investors.
Shares of Cloud Peak Energy Inc (NYSE:CLD) opened at 3.52 on Friday. The stock has a market cap of $253.49 million, a P/E ratio of 5.88 and a beta of 1.42. The company has a 50 day moving average price of $3.45 and a 200 day moving average price of $4.28. Cloud Peak Energy Inc has a 1-year low of $2.42 and a 1-year high of $8.03.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, April 27th. The mining company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.28. Cloud Peak Energy had a net margin of 4.68% and a return on equity of 4.00%. The company had revenue of $195.73 million for the quarter, compared to analyst estimates of $233.58 million. During the same quarter last year, the business earned ($0.53) EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts anticipate that Cloud Peak Energy Inc will post ($0.40) EPS for the current year.
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Several research analysts have recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and issued a $6.00 target price on shares of Cloud Peak Energy in a research report on Friday. 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. Zacks Investment Research raised Cloud Peak Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, MKM Partners reissued a “neutral” rating and issued a $4.00 target price (down previously from $6.00) on shares of Cloud Peak Energy in a research report on Wednesday, May 10th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.41.
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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