Connor Clark & Lunn Investment Management Ltd. lessened its position in shares of Cloud Peak Energy Inc. (NYSE:CLD) by 3.8% in the fourth quarter, HoldingsChannel reports. The firm owned 1,878,883 shares of the mining company’s stock after selling 73,466 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Cloud Peak Energy were worth $688,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in Cloud Peak Energy during the 4th quarter worth about $53,000. Rhumbline Advisers grew its holdings in shares of Cloud Peak Energy by 18.9% in the 4th quarter. Rhumbline Advisers now owns 220,124 shares of the mining company’s stock valued at $81,000 after acquiring an additional 34,938 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Cloud Peak Energy by 115.7% in the 4th quarter. Acadian Asset Management LLC now owns 359,133 shares of the mining company’s stock valued at $131,000 after acquiring an additional 192,665 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in shares of Cloud Peak Energy in the 4th quarter valued at about $248,000. Finally, Systematic Financial Management LP grew its holdings in shares of Cloud Peak Energy by 56.5% in the 3rd quarter. Systematic Financial Management LP now owns 472,090 shares of the mining company’s stock valued at $1,086,000 after acquiring an additional 170,530 shares in the last quarter. Hedge funds and other institutional investors own 77.91% of the company’s stock.
CLD has been the subject of several analyst reports. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $0.25 price objective for the company in a report on Monday, January 7th. BMO Capital Markets set a $4.00 price objective on Cloud Peak Energy and gave the company a “hold” rating in a report on Thursday, December 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $2.25.
Shares of NYSE CLD opened at $0.20 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. Cloud Peak Energy Inc. has a fifty-two week low of $0.16 and a fifty-two week high of $4.10.
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Cloud Peak Energy Profile
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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