Russell Investments Group Ltd. Grows Holdings in Cloud Peak Energy Inc (CLD)

Russell Investments Group Ltd. boosted its position in shares of Cloud Peak Energy Inc (NYSE:CLD) by 47.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,832,085 shares of the mining company’s stock after purchasing an additional 915,266 shares during the period. Russell Investments Group Ltd. owned about 3.77% of Cloud Peak Energy worth $10,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CLD. Citigroup Inc. lifted its stake in Cloud Peak Energy by 40.7% in the 2nd quarter. Citigroup Inc. now owns 117,517 shares of the mining company’s stock valued at $415,000 after purchasing an additional 33,987 shares during the last quarter. Texas Permanent School Fund lifted its stake in Cloud Peak Energy by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 54,799 shares of the mining company’s stock valued at $193,000 after purchasing an additional 523 shares during the last quarter. Vanguard Group Inc. lifted its stake in Cloud Peak Energy by 27.9% in the 1st quarter. Vanguard Group Inc. now owns 3,581,492 shares of the mining company’s stock valued at $16,403,000 after purchasing an additional 782,138 shares during the last quarter. Rhumbline Advisers lifted its position in Cloud Peak Energy by 138.3% during the second quarter. Rhumbline Advisers now owns 144,888 shares of the mining company’s stock worth $511,000 after acquiring an additional 84,079 shares during the last quarter. Finally, Loews Corp lifted its position in Cloud Peak Energy by 14.3% during the second quarter. Loews Corp now owns 1,200,000 shares of the mining company’s stock worth $4,236,000 after acquiring an additional 150,000 shares during the last quarter. Hedge funds and other institutional investors own 79.46% of the company’s stock.

Several brokerages have issued reports on CLD. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Thursday, October 19th. BMO Capital Markets set a $5.00 target price on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Friday, October 27th. TheStreet raised shares of Cloud Peak Energy from a “d+” rating to a “c-” rating in a report on Friday, October 27th. J P Morgan Chase & Co cut shares of Cloud Peak Energy from an “overweight” rating to a “neutral” rating in a report on Monday, November 20th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Cloud Peak Energy in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $5.11.

Cloud Peak Energy Inc (NYSE:CLD) opened at $4.25 on Tuesday. The stock has a market cap of $311.09, a P/E ratio of 51.75 and a beta of 1.61. Cloud Peak Energy Inc has a one year low of $2.78 and a one year high of $6.65. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.61.

Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $249.00 million for the quarter, compared to the consensus estimate of $254.82 million. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. equities analysts anticipate that Cloud Peak Energy Inc will post -0.39 EPS for the current fiscal year.

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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). 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.

Institutional Ownership by Quarter for Cloud Peak Energy (NYSE:CLD)

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