Bank of New York Mellon Corp increased its stake in Cloud Peak Energy Inc. (NYSE:CLD) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,171,763 shares of the mining company’s stock after purchasing an additional 95,543 shares during the quarter. Bank of New York Mellon Corp’s holdings in Cloud Peak Energy were worth $4,995,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Systematic Financial Management LP lifted its holdings in 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 worth $1,086,000 after purchasing an additional 170,530 shares during the last quarter. Northern Trust Corp lifted its holdings in Cloud Peak Energy by 2.7% in the 2nd quarter. Northern Trust Corp now owns 1,415,207 shares of the mining company’s stock worth $4,939,000 after purchasing an additional 36,751 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in Cloud Peak Energy by 6.7% in the 2nd quarter. BlackRock Inc. now owns 10,074,516 shares of the mining company’s stock worth $35,159,000 after purchasing an additional 635,042 shares during the last quarter. Hedge funds and other institutional investors own 78.34% of the company’s stock.
CLD has been the subject of several analyst reports. Zacks Investment Research lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Tuesday. MKM Partners set a $2.00 target price on Cloud Peak Energy and gave the stock a “hold” rating in a report on Friday, November 2nd. Finally, BMO Capital Markets set a $4.00 price target on Cloud Peak Energy and gave the stock a “hold” rating in a report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $2.88.
Shares of CLD stock opened at $0.59 on Thursday. Cloud Peak Energy Inc. has a 12 month low of $0.25 and a 12 month high of $4.29. The company has a market cap of $47.98 million, a PE ratio of -1.36 and a beta of 2.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.02 and a quick ratio of 1.52.
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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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