Kopernik Global Investors Lowers stake in Cloud Peak Energy (CLD)

Cloud Peak Energy (CLD) : Kopernik Global Investors reduced its stake in Cloud Peak Energy by 4.31% during the most recent quarter end. The investment management company now holds a total of 3,417,231 shares of Cloud Peak Energy which is valued at $12,609,582 after selling 154,089 shares in Cloud Peak Energy , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Cloud Peak Energy makes up approximately 2.08% of Kopernik Global Investors’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in CLD by selling 46,924 shares or 1.21% in the most recent quarter. The Hedge Fund company now holds 3,820,166 shares of CLD which is valued at $14,096,413. Cloud Peak Energy makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. Phoenix Investment Adviser added CLD to its portfolio by purchasing 202,082 company shares during the most recent quarter which is valued at $705,266. Cloud Peak Energy makes up approx 0.98% of Phoenix Investment Adviser’s portfolio. Lmr Partners Llp added CLD to its portfolio by purchasing 76,038 company shares during the most recent quarter which is valued at $259,290. Cloud Peak Energy makes up approx 0.04% of Lmr Partners Llp’s portfolio. Clarivest Asset Management sold out all of its stake in CLD during the most recent quarter. The investment firm sold 131,600 shares of CLD which is valued $448,756.

Cloud Peak Energy closed down -0.09 points or -2.48% at $3.54 with 5,22,797 shares getting traded on Wednesday. Post opening the session at $3.56, the shares hit an intraday low of $3.395 and an intraday high of $3.565 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Cloud Peak Energy reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.87 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.39. The company had revenue of $174.20 million for the quarter, compared to analysts expectations of $170.77 million. The company’s revenue was down -28.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.87 EPS.

Cloud Peak Energy Inc. is a holding company that manages its 100% owned subsidiary Cloud Peak Energy Resources LLC (CPE Resources). The Company is a producer of coal in the United States of America and the Powder River basin (PRB). The Company operates in three segments: Owned and Operated Mines Logistics and Related Activities and Corporate and Other. The Owned and Operated Mines segment focuses on thermal coal production. The Logistics and Related Activities segment delivers coal to the customer at a terminal or the customer’s plant or other delivery point remote from its mine site. The Corporate and Other segment includes results relating to broker activity its share of the Decker mine operations. The Company operates in the PRB where it operates three surface coal mines which include the Antelope Mine the Cordero Rojo Mine and the Spring Creek Mine. It also has two development projects including the Youngs Creek project and the Crow project.

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