Highbridge Capital Management LLC Boosts Position in ConturaEnergyInc . (NASDAQ:CTRA)

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Highbridge Capital Management LLC grew its holdings in shares of ConturaEnergyInc . (NASDAQ:CTRA) by 34.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,353,910 shares of the company’s stock after buying an additional 345,131 shares during the period. ConturaEnergyInc . makes up 4.6% of Highbridge Capital Management LLC’s investment portfolio, making the stock its largest holding. Highbridge Capital Management LLC owned about 7.06% of ConturaEnergyInc . worth $70,267,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Royce & Associates LP lifted its holdings in shares of ConturaEnergyInc . by 48.8% in the 1st quarter. Royce & Associates LP now owns 680 shares of the company’s stock worth $39,000 after purchasing an additional 223 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of ConturaEnergyInc . in the 2nd quarter worth $54,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of ConturaEnergyInc . in the 2nd quarter worth $65,000. BNP Paribas Arbitrage SA bought a new position in shares of ConturaEnergyInc . in the 2nd quarter worth $70,000. Finally, Bank of Montreal Can bought a new position in shares of ConturaEnergyInc . in the 2nd quarter worth $82,000.

In other news, COO James Scott Kreutzer sold 1,150 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $51.71, for a total transaction of $59,466.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Matthew Manno sold 3,712 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $33.71, for a total value of $125,131.52. Following the sale, the insider now directly owns 30,883 shares of the company’s stock, valued at $1,041,065.93. The disclosure for this sale can be found here. Insiders sold a total of 25,222 shares of company stock valued at $967,035 over the last three months.

A number of equities research analysts recently commented on CTRA shares. TheStreet lowered ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered ConturaEnergyInc . from a “hold” rating to a “strong sell” rating in a research report on Monday, August 19th. Finally, B. Riley set a $59.00 price target on ConturaEnergyInc . and gave the company a “buy” rating in a research report on Thursday, August 22nd.

NASDAQ CTRA traded up $0.15 on Friday, reaching $33.01. The company had a trading volume of 98,054 shares, compared to its average volume of 172,930. The company’s fifty day moving average is $30.74 and its 200 day moving average is $47.81. ConturaEnergyInc . has a 52-week low of $25.37 and a 52-week high of $81.00.

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

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.

Further Reading: Quick Ratio

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

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