Ameriprise Financial Inc. lessened its stake in Cloud Peak Energy Inc (NYSE:CLD) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 464,984 shares of the mining company’s stock after selling 11,607 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.62% of Cloud Peak Energy worth $1,642,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. 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 purchasing an additional 100 shares in the last quarter. KCG Holdings Inc. acquired a new stake in Cloud Peak Energy during the first quarter worth about $112,000. Hartford Investment Management Co. acquired a new stake in Cloud Peak Energy during the second quarter worth about $119,000. AJO LP acquired a new stake in Cloud Peak Energy during the second quarter worth about $120,000. Finally, IndexIQ Advisors LLC acquired a new stake in Cloud Peak Energy during the second quarter worth about $123,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Shares of Cloud Peak Energy Inc (NYSE CLD) opened at $4.13 on Friday. The company has a market cap of $315.60 million, a P/E ratio of 52.50 and a beta of 1.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.61 and a current ratio of 2.14.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $249.00 million for the quarter, compared to analyst estimates of $254.82 million. Cloud Peak Energy’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. research analysts forecast that Cloud Peak Energy Inc will post -0.39 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on CLD shares. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 price objective on shares of Cloud Peak Energy in a research note on Friday, July 21st. BidaskClub lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research note on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.14.
Cloud Peak Energy 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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