ConturaEnergyInc . (NASDAQ:CTRA) Major Shareholder Sells $551,150.00 in Stock

ConturaEnergyInc . (NASDAQ:CTRA) major shareholder Davidson Kempner Partners sold 73,000 shares of ConturaEnergyInc . stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $7.55, for a total transaction of $551,150.00. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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NASDAQ:CTRA traded up $0.20 during mid-day trading on Friday, reaching $6.10. The company’s stock had a trading volume of 281,392 shares, compared to its average volume of 210,694. The stock has a fifty day moving average of $15.87 and a 200-day moving average of $33.20. ConturaEnergyInc . has a 1 year low of $5.70 and a 1 year high of $69.29.

ConturaEnergyInc . (NASDAQ:CTRA) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($2.29) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($2.77). The firm had revenue of $525.86 million for the quarter, compared to analysts’ expectations of $586.30 million. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 earnings per share.

Several research analysts recently issued reports on the company. Zacks Investment Research raised ConturaEnergyInc . from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. B. Riley reiterated a “buy” rating and issued a $25.00 target price on shares of ConturaEnergyInc . in a report on Friday, November 15th.

A number of large investors have recently modified their holdings of CTRA. Cubist Systematic Strategies LLC bought a new position in shares of ConturaEnergyInc . in the 2nd quarter worth $54,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in ConturaEnergyInc . in the second quarter valued at about $65,000. BNP Paribas Arbitrage SA bought a new position in ConturaEnergyInc . in the second quarter worth about $70,000. Bank of Montreal Can bought a new position in ConturaEnergyInc . in the second quarter worth about $82,000. Finally, Meeder Asset Management Inc. bought a new position in ConturaEnergyInc . in the third quarter worth about $103,000.

ConturaEnergyInc . Company 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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Insider Buying and Selling by Quarter for ConturaEnergyInc   . (NASDAQ:CTRA)

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