Dalton Investments LLC increased its stake in shares of ConturaEnergyInc . (NASDAQ:CTRA) by 32.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,953 shares of the company’s stock after purchasing an additional 19,290 shares during the quarter. ConturaEnergyInc . makes up approximately 1.9% of Dalton Investments LLC’s portfolio, making the stock its 15th largest position. Dalton Investments LLC’s holdings in ConturaEnergyInc . were worth $4,098,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in shares of ConturaEnergyInc . by 191.4% during the second quarter. Bank of New York Mellon Corp now owns 111,805 shares of the company’s stock worth $5,802,000 after purchasing an additional 73,431 shares during the period. JPMorgan Chase & Co. raised its position in ConturaEnergyInc . by 9.4% during the first quarter. JPMorgan Chase & Co. now owns 96,680 shares of the company’s stock valued at $5,600,000 after acquiring an additional 8,344 shares in the last quarter. AJO LP bought a new position in ConturaEnergyInc . during the first quarter valued at approximately $4,789,000. III Capital Management bought a new position in ConturaEnergyInc . during the second quarter valued at approximately $4,147,000. Finally, Charles Schwab Investment Management Inc. raised its position in ConturaEnergyInc . by 225.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 57,513 shares of the company’s stock valued at $2,985,000 after acquiring an additional 39,817 shares in the last quarter.
In other news, Director Daniel J. Geiger sold 2,000 shares of ConturaEnergyInc . stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.03, for a total value of $56,060.00. Following the transaction, the director now owns 15,306 shares of the company’s stock, valued at $429,027.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James Scott Kreutzer sold 1,150 shares of ConturaEnergyInc . stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.10, for a total transaction of $32,315.00. Following the completion of the transaction, the insider now directly owns 14,940 shares in the company, valued at approximately $419,814. The disclosure for this sale can be found here. In the last three months, insiders sold 27,209 shares of company stock worth $1,073,379.
Several equities analysts recently weighed in on CTRA shares. Zacks Investment Research lowered shares of ConturaEnergyInc . from a “hold” rating to a “strong sell” rating in a research report on Monday, August 19th. B. Riley set a $59.00 price objective on shares of ConturaEnergyInc . and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, TheStreet lowered shares of ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st.
NASDAQ:CTRA opened at $32.38 on Friday. ConturaEnergyInc . has a 12 month low of $25.37 and a 12 month high of $81.00. The company’s 50 day moving average is $31.45 and its 200-day moving average is $48.82.
ConturaEnergyInc . (NASDAQ:CTRA) last released its quarterly earnings results on Wednesday, August 14th. The company reported $1.25 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 revenue for the quarter was up 24.1% on a year-over-year basis.
About ConturaEnergyInc .
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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