Cubist Systematic Strategies LLC Makes New Investment in ConturaEnergyInc . (NASDAQ:CTRA)

Cubist Systematic Strategies 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 1,042 shares of the company’s stock, valued at approximately $54,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mraz Amerine & Associates Inc. lifted its position in shares of ConturaEnergyInc . by 5.1% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 9,218 shares of the company’s stock worth $478,000 after purchasing an additional 450 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in ConturaEnergyInc . in the second quarter valued at $65,000. BNP Paribas Arbitrage SA acquired a new position in ConturaEnergyInc . in the second quarter valued at $70,000. Bank of Montreal Can acquired a new position in ConturaEnergyInc . in the second quarter valued at $82,000. Finally, First Trust Advisors LP acquired a new position in ConturaEnergyInc . in the first quarter valued at $261,000.

A number of research analysts have commented on CTRA shares. B. Riley dropped 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 upgraded shares of ConturaEnergyInc . from a “sell” rating to a “hold” rating in a research report on Friday. Finally, TheStreet lowered shares of ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st.

Shares of NASDAQ CTRA traded down $0.54 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. The stock has a 50 day moving average of $24.63 and a 200-day moving average of $39.59. ConturaEnergyInc . has a 12-month low of $20.55 and a 12-month high of $79.00.

ConturaEnergyInc . (NASDAQ:CTRA) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.33). The firm had revenue of $656.20 million for the quarter, compared to the consensus estimate of $603.70 million. The business’s quarterly revenue was up 24.1% compared to the same quarter last year.

In other ConturaEnergyInc . news, Director Daniel J. Geiger sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $32.61, for a total transaction of $32,610.00. Also, Director Daniel J. Geiger sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $30.22, for a total transaction of $60,440.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 508,137 shares of company stock worth $16,736,095.

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.

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Institutional Ownership by Quarter for ConturaEnergyInc   . (NASDAQ:CTRA)

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