Highbridge Capital Management LLC Takes $56.35 Million Position in ConturaEnergyInc . (CTRA)

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Highbridge Capital Management LLC bought a new position in ConturaEnergyInc . (NASDAQ:CTRA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 857,186 shares of the company’s stock, valued at approximately $56,351,000. ConturaEnergyInc . accounts for 1.7% of Highbridge Capital Management LLC’s investment portfolio, making the stock its 5th biggest holding. Highbridge Capital Management LLC owned approximately 8.68% of ConturaEnergyInc . at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CTRA. Edge Wealth Management LLC bought a new position in shares of ConturaEnergyInc . during the fourth quarter valued at $329,000. CAPROCK Group Inc. acquired a new stake in shares of ConturaEnergyInc . in the fourth quarter valued at $333,000. Graham Capital Management L.P. acquired a new stake in shares of ConturaEnergyInc . in the fourth quarter valued at $9,504,000. Huntington National Bank acquired a new stake in shares of ConturaEnergyInc . in the fourth quarter valued at $3,132,000. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of ConturaEnergyInc . in the fourth quarter valued at $1,065,000.

Shares of NASDAQ:CTRA opened at $56.88 on Tuesday. ConturaEnergyInc . has a twelve month low of $55.47 and a twelve month high of $81.00.

Separately, Zacks Investment Research upgraded ConturaEnergyInc . from a “hold” rating to a “strong-buy” rating and set a $73.00 target price for the company in a research note on Friday, January 25th.

In related news, major shareholder Whitebox Advisors Llc sold 25,700 shares of ConturaEnergyInc . stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $64.91, for a total value of $1,668,187.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin S. Crutchfield sold 15,600 shares of ConturaEnergyInc . stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $56.92, for a total value of $887,952.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 100,658 shares of company stock valued at $6,073,834.

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

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