Shares last traded at $4.25 significantly above $3.83, the stock’s 50 day moving average and quite a bit above the 200 day moving average of $3.52. The 50 day moving average went up by +11.01% whereas the 200 day average was up by +20.88%. Trading was heavy with 1,708K shares changing hands on Tuesday. Trading volume was up 48.85% over the stocks average daily volume.
Short traders are more bearish recently if you watch the uptick in short interest. The stock recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 0.35%. Short shares increased from 4,576,155 to 4,592,309 over that timeframe. The short-interest ratio increased to 9.0 and the short interest percentage is 0.06% as of October 13.
These firms have modified their investment in CLD. As of quarter end Louisiana State Employees Retirement System had disposed of a total of 200 shares trimming its holdings by 0.7%. The value of the company’s investment in Cloud Peak Energy Inc increased from $108,000 to $111,000 a change of $3,000 quarter over quarter. Creative Planning reduced its holdings by selling 137,600 shares a decrease of 24.1%. Creative Planning controls 434,038 shares valued at $1,589,000. The total value of its holdings decreased 21.3%.
Shell Asset Management CO downsized its stake by shedding 5,900 shares a decrease of 2.3% in the quarter. Shell Asset Management CO claims 250,759 shares with a value of $918,000. The value of the position overall is up by 1.3%. Simplex Trading, LLC trimmed its position by selling 6,896 shares a decrease of 65.8% as of 09/30/2017. Simplex Trading, LLC now controls 3,592 shares worth $13,000. The value of the position overall is down by 64.9%.
On October 27 BMO Capital made no change to the stock rating of “Market Perform” but raised the price target to $5.00 from $3.70.
In the latest earnings report the EPS was $-0.06 and is expected to be $-0.45 for the current year with 75,131,000 shares presently outstanding. Next quarter’s EPS is estimated at $-0.03 and the next full year EPS is projected to be $-0.20.
Cloud Peak Energy Inc., launched on July 31, 2008, 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. The Business’s segments include Owned and Operated Mines, and Logistics and Related Activities. The Business’s Owned and Operated Mines segment includes its Antelope Mine, Cordero Rojo Mine, and Spring Creek Mine. The Logistics and Related Activities segment includes the services it provides to its international and certain of its domestic customers where it delivers coal to the customer at a terminal or the customer’s plant or other delivery point, remote from its mine site. The Logistics and Related Activities segment provides services, including the purchase of coal from third parties or from its Owned and Operated Mines segment, as well as the contracting and coordination of the transportation and other handling services from third-party operators, which are rail and terminal companies..