Shares of ConturaEnergyInc . (NASDAQ:CTRA) hit a new 52-week low during trading on Wednesday following insider selling activity. The stock traded as low as $51.80 and last traded at $53.13, with a volume of 39016 shares. The stock had previously closed at $52.68.

Specifically, CEO Charles Andrew Eidson sold 5,880 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $52.72, for a total value of $309,993.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Albert E. Ferrara, Jr. sold 1,000 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $53.04, for a total value of $53,040.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 170,463 shares of company stock worth $9,654,967.

Several analysts have issued reports on CTRA shares. Zacks Investment Research lowered ConturaEnergyInc . from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 11th. Seaport Global Securities started coverage on ConturaEnergyInc . in a research note on Friday, May 3rd. They issued a “buy” rating and a $78.00 target price on the stock. Finally, B. Riley lowered their target price on ConturaEnergyInc . from $92.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th.

ConturaEnergyInc . (NASDAQ:CTRA) last issued its earnings results on Wednesday, May 15th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.60 by ($3.19). The business had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $554.05 million. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year.

Several large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in shares of ConturaEnergyInc . by 48.8% during the 1st quarter. Royce & Associates LP now owns 680 shares of the company’s stock valued at $39,000 after purchasing an additional 223 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of ConturaEnergyInc . by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,696 shares of the company’s stock valued at $1,025,000 after purchasing an additional 474 shares during the period. Mraz Amerine & Associates Inc. raised its stake in shares of ConturaEnergyInc . by 11.4% during the 1st quarter. Mraz Amerine & Associates Inc. now owns 8,768 shares of the company’s stock valued at $508,000 after purchasing an additional 900 shares during the period. SEI Investments Co bought a new stake in shares of ConturaEnergyInc . during the 1st quarter valued at $104,000. Finally, Ellington Management Group LLC raised its stake in shares of ConturaEnergyInc . by 4.1% during the 1st quarter. Ellington Management Group LLC now owns 50,451 shares of the company’s stock valued at $2,922,000 after purchasing an additional 2,000 shares during the period.

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ConturaEnergyInc . Company Profile (NASDAQ:CTRA)

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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