Municipal Employees Retirement System of Michigan raised its stake in shares of Cloud Peak Energy Inc (NYSE:CLD) by 1,999.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,880 shares of the mining company’s stock after buying an additional 282,740 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Cloud Peak Energy were worth $1,047,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CLD. Thrivent Financial for Lutherans increased its stake in shares of Cloud Peak Energy by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,280 shares of the mining company’s stock valued at $187,000 after buying an additional 2,270 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Cloud Peak Energy by 23.5% in the first quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the mining company’s stock valued at $140,000 after buying an additional 5,800 shares during the period. Shell Asset Management Co. acquired a new stake in shares of Cloud Peak Energy during the first quarter valued at about $1,175,000. Russell Investments Group Ltd. increased its stake in shares of Cloud Peak Energy by 44.3% in the first quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock valued at $5,498,000 after buying an additional 368,260 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in shares of Cloud Peak Energy by 25.5% in the first quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock valued at $435,000 after buying an additional 19,366 shares during the period. 82.03% of the stock is currently owned by institutional investors.

Shares of Cloud Peak Energy Inc (NYSE:CLD) opened at 3.09 on Friday. The firm has a 50-day moving average price of $3.49 and a 200-day moving average price of $4.08. The company’s market cap is $232.15 million. Cloud Peak Energy Inc has a 1-year low of $2.91 and a 1-year high of $8.04.

Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Thursday, July 27th. The mining company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The business had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $236.94 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The business’s revenue was up 31.6% compared to the same quarter last year. On average, equities analysts expect that Cloud Peak Energy Inc will post ($0.45) EPS for the current year.

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CLD has been the topic of several recent analyst reports. Stifel Nicolaus set a $7.00 target price on Cloud Peak Energy and gave the company a “buy” rating in a research note on Monday, May 1st. MKM Partners reissued a “neutral” rating and set a $4.00 target price (down previously from $6.00) on shares of Cloud Peak Energy in a research note on Wednesday, May 10th. Zacks Investment Research downgraded Cloud Peak Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 23rd. BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a research note on Tuesday, July 4th. Finally, BidaskClub downgraded Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Cloud Peak Energy presently has an average rating of “Hold” and an average target price of $5.41.

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

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