Macquarie Group Ltd. Sells 34,000 Shares of Cloud Peak Energy (CLD)

Macquarie Group Ltd. cut its holdings in shares of Cloud Peak Energy (NYSE:CLD) by 31.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,300 shares of the mining company’s stock after selling 34,000 shares during the period. Macquarie Group Ltd.’s holdings in Cloud Peak Energy were worth $331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC boosted its position in shares of Cloud Peak Energy by 738.6% during the fourth quarter. Millennium Management LLC now owns 1,042,506 shares of the mining company’s stock worth $4,639,000 after buying an additional 918,196 shares during the period. Two Sigma Investments LP acquired a new position in shares of Cloud Peak Energy during the fourth quarter worth approximately $1,886,000. Two Sigma Advisers LP acquired a new position in shares of Cloud Peak Energy during the fourth quarter worth approximately $157,000. Ellington Management Group LLC acquired a new position in shares of Cloud Peak Energy during the fourth quarter worth approximately $124,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Cloud Peak Energy by 8.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 311,754 shares of the mining company’s stock worth $1,387,000 after buying an additional 24,630 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

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Several equities analysts have recently issued reports on CLD shares. Stifel Nicolaus reiterated a “buy” rating and set a $7.00 price objective on shares of Cloud Peak Energy in a research report on Tuesday, January 16th. JPMorgan Chase downgraded Cloud Peak Energy from a “neutral” rating to an “underweight” rating in a research report on Wednesday, March 28th. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “strong-buy” rating and set a $5.00 price objective for the company in a research report on Monday, January 1st. TheStreet downgraded Cloud Peak Energy from a “c-” rating to a “d+” rating in a research report on Monday, February 26th. Finally, ValuEngine upgraded Cloud Peak Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $4.60.

CLD opened at $3.07 on Friday. The company has a market capitalization of $231.51, a price-to-earnings ratio of -7.14 and a beta of 2.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.26 and a quick ratio of 1.65. Cloud Peak Energy has a 1-year low of $2.76 and a 1-year high of $5.70.

Cloud Peak Energy (NYSE:CLD) last released its earnings results on Thursday, February 15th. The mining company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). The firm had revenue of $213.89 million during the quarter, compared to analyst estimates of $244.38 million. Cloud Peak Energy had a negative return on equity of 3.29% and a negative net margin of 0.75%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. analysts predict that Cloud Peak Energy will post -0.22 EPS for the current fiscal year.

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About Cloud Peak Energy

Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.

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

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