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The Independent Advisor Alliance purchased a new position in Peabody Energy Co. (NYSE: BTU – Get Rating) in the third quarter, according to its latest Form 13F filed with the SEC. The company purchased 17,905 shares of coal production company stock worth approximately $444,000.
Several other hedge funds have also recently changed their stakes in the business. FMR LLC raised his position in Peabody Energy by 96.7% in the second quarter. FMR LLC now owns 15,585,781 shares in the coal producing company worth $332,445,000 after he purchased an additional 7,663,928 shares during the previous quarter. Vanguard Group Inc. increased his stake in Peabody Energy by 49.2% in the first quarter. After purchasing an additional 2,595,279 shares during this period, Vanguard Group Inc. now owns 7,873,533 shares in the coal producing company valued at $193,137,000. Renaissance Technologies LLC increased its stake in Peabody Energy by 7.9% in the second quarter. Renaissance Technologies LLC now owns 2,464,643 shares of the coal producer worth $52,571,000 after purchasing an additional 179,400 shares during the previous quarter. First Republic Investment Management Inc. increased its position in Peabody Energy by 2,249.0% in the first quarter. First Republic Investment Management Inc. now owns 2,104,738 shares of the coal producing company valued at $51,629,000 after acquiring an additional 2,015,138 shares during the previous quarter. Finally, Thomist Capital Management LP purchased a new position in Peabody Energy worth approximately $41,682,000 in the third quarter. Hedge funds and other institutional investors own 77.87% of the company’s shares.
Peabody Energy Stock Performance
NYSE BTU shares opened Friday at $26.58. The stock has a market cap of $3.82 billion, a PE ratio of 3.36 and a beta of 1.04. His one-year low for Peabody Energy Co. is $10.59 and his one-year high is $33.29. The company has a 50-day moving average price of $28.48 and a 200-day moving average price of $25.52. The company has a debt to equity ratio of 0.12, a current ratio of 1.79 and a quick ratio of 1.58.
Peabody Energy (NYSE:BTU – Get Rating) last reported quarterly results on Thursday, November 3rd. The coal producer reported his earnings per share (EPS) for the quarter was $1.78, beating analyst consensus expectations of $1.69 by $0.09. The business generated $1.34 billion in revenue for the quarter, compared with analyst estimates of $1.25 billion. Peabody Energy’s return on equity was 57.13% and net profit margin was 25.50%. Equity analysts expect Peabody Energy Co. to post earnings per share of 6.54 for the current financial year.
insider trading
In related news, CFO Mark Spurbeck sold 6,219 shares of the company in a transaction that took place on Wednesday, January 4th. The shares sold at an average price of $24.65, giving him a total of $153,298.35. Following the transaction, the Chief Financial Officer now directly owns 63,578 shares of the Company’s stock valued at approximately $1,567,197.70. The transaction is disclosed in legal filings with the SEC, which can be accessed on his website. In another Peabody Energy news, CFO Mark Spurbeck said on Wednesday, January 4, that he sold 6,219 shares of Peabody Energy. The shares sold at an average price of $24.65, giving him a total of $153,298.35. Following the sale, the Chief Financial Officer now owns 63,578 shares in the company directly, valued at approximately $1,567,197.70. The sale was disclosed in legal filings with the SEC that can be accessed via this hyperlink. Also, major shareholder Elliott Investment Management sold 668,161 shares of his stake in a transaction on Friday, Dec. 2. The shares sold at an average price of $31.76 for a total trading value of $21,220,793.36. After the transaction, insiders now directly own 24,732,839 shares of the company, valued at approximately $785,514,966.64. Please see here for the disclosure of this sale. In the past 90 days, the insider has sold 2,209,587 shares of his company stock worth $66,114,366. 0.09% of the shares are owned by corporate insiders.
Wall Street Analyst Predicts Growth
Several equity research analysts have recently commented on stocks. BMO Capital Markets raised Peabody Energy’s price target to $31.00 from his $28.00 in a research report on Friday, November 18, giving the company a “market execution” rating. B. Reilly raised his price target on Peabody Energy stock to $39.00 from his $37.00 in a research report on Tuesday, Jan. 17. Two Research-his analysts rated the stock with a hold rating, and two assigned a buy-his rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “moderate buy” with an average target price of $33.75.
About Peabody Energy
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Peabody Energy Corporation has coal mining operations in the United States, Japan, Taiwan, Australia, India, Indonesia, China, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and others in the United States.
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