Towle Co buys $8,906,190 stake in Cloud Peak Energy (CLD)

Cloud Peak Energy (CLD) : Towle Co scooped up 27,630 additional shares in Cloud Peak Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 2,508,786 shares of Cloud Peak Energy which is valued at $8,906,190.Cloud Peak Energy makes up approximately 1.56% of Towle Co’s portfolio.

Other Hedge Funds, Including , Contrarius Investment Management Ltd reduced its stake in CLD by selling 79,028 shares or 12.07% in the most recent quarter. The Hedge Fund company now holds 575,651 shares of CLD which is valued at $2,043,561. Cloud Peak Energy makes up approx 0.16% of Contrarius Investment Management Ltd’s portfolio. Cypress Capital Management (wy) added CLD to its portfolio by purchasing 850 company shares during the most recent quarter which is valued at $2,899.Acadian Asset Management reduced its stake in CLD by selling 419,968 shares or 66.11% in the most recent quarter. The Hedge Fund company now holds 215,241 shares of CLD which is valued at $553,169.Bnp Paribas Arbitrage Sa boosted its stake in CLD in the latest quarter, The investment management firm added 5,569 additional shares and now holds a total of 24,470 shares of Cloud Peak Energy which is valued at $54,323.

Cloud Peak Energy opened for trading at $3.57 and hit $3.7 on the upside on Monday, eventually ending the session at $3.69, with a gain of 5.73% or 0.2 points. The heightened volatility saw the trading volume jump to 9,04,135 shares. Company has a market cap of $226 M.

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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