Here Is What Hedge Funds Think About Cloud Peak Energy Inc. (CLD)

As aggregate interest increased, some big names have jumped into Cloud Peak Energy Inc. (NYSE:CLD) headfirst. Kurt Billick’s Bocage Capital initiated the most valuable position in Cloud Peak Energy Inc. (NYSE:CLD). According to its latest 13F filing, the fund had $4.5 million invested in the company at the end of the quarter. Jos Shaver’s Electron Capital Partners also made a $4.4 million investment in the stock during the quarter. The other funds with new positions in the stock are Impala Asset Management, Jon Bauer’s Contrarian Capital, and Alexander Mitchell’s Scopus Asset Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Cloud Peak Energy Inc. (NYSE:CLD) but similarly valued. We will take a look at PennyMac Mortgage Investment Trust (NASDAQ:PMTS), Tucows Inc. (USA) (NASDAQ:TCX), Western Ast Clymr Infl Lkd Sc & Incm Fd (NYSE:WIA), and Hometrust Bancshares Inc (NASDAQ:HTBI). This group of stocks’ market valuations resemble CLD’s market valuation.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $22 million. That figure was $43 million in CLD’s case. PennyMac Mortgage Investment Trust (NASDAQ:PMTS) is the most popular stock in this table. On the other hand Western Ast Clymr Infl Lkd Sc & Incm Fd (NYSE:WIA) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Cloud Peak Energy Inc. (NYSE:CLD) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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Disclosure: None