Parametric Portfolio Associates LLC acquired a new stake in ConturaEnergyInc . (NASDAQ:CTRA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,163 shares of the company’s stock, valued at approximately $268,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CTRA. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in ConturaEnergyInc . in the second quarter valued at $65,000. BNP Paribas Arbitrage SA purchased a new position in shares of ConturaEnergyInc . in the second quarter worth about $70,000. Bank of Montreal Can purchased a new position in shares of ConturaEnergyInc . in the second quarter worth about $82,000. First Trust Advisors LP purchased a new position in shares of ConturaEnergyInc . in the first quarter worth about $261,000. Finally, Strs Ohio purchased a new position in shares of ConturaEnergyInc . in the second quarter worth about $264,000.
In other ConturaEnergyInc . news, major shareholder Whitebox Advisors Llc sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $32.99, for a total transaction of $16,495,000.00. Also, Director Daniel J. Geiger sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.03, for a total transaction of $56,060.00. Following the completion of the transaction, the director now owns 15,306 shares of the company’s stock, valued at approximately $429,027.18. The disclosure for this sale can be found here. Insiders have sold a total of 508,137 shares of company stock valued at $16,736,095 in the last quarter.
Shares of NASDAQ:CTRA traded down $0.54 during midday trading on Friday, hitting $20.85. The company’s stock had a trading volume of 230,800 shares, compared to its average volume of 176,648. ConturaEnergyInc . has a 12-month low of $20.55 and a 12-month high of $79.00. The business’s 50 day simple moving average is $24.63 and its 200 day simple moving average is $39.59.
ConturaEnergyInc . (NASDAQ:CTRA) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.33). The business had revenue of $656.20 million for the quarter, compared to the consensus estimate of $603.70 million. The firm’s revenue was up 24.1% on a year-over-year basis.
Several equities analysts have recently weighed in on CTRA shares. B. Riley decreased their price target on shares of ConturaEnergyInc . from $59.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Zacks Investment Research raised shares of ConturaEnergyInc . from a “sell” rating to a “hold” rating in a research note on Friday. Finally, TheStreet downgraded shares of ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st.
ConturaEnergyInc . Profile
Contura Energy, Inc extracts, processes, and markets steam and metallurgical coal to electric utilities, steel and coke producers, and industrial customers in the United States and internationally. The company operates in three segments: Central Appalachia Operations, Northern Appalachia Operations, and Trading and Logistics.
Further Reading: Price to Earnings Ratio (PE) Basics
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