FNY Investment Advisers LLC bought a new position in Peabody Energy Co . (NYSE: BTU – Get Rating ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,500 shares of the coal producer’s stock, valued at approximately $145,000.
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Other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. bought a new position in Peabody Energy in the second quarter valued at approximately $33,000. Nisa Investment Advisors LLC raised its stake in Peabody Energy by 37.2% in the third quarter. Nisa Investment Advisors LLC now owns 3,238 shares of the coal producer’s stock valued at $78,000 after acquiring an additional 878 shares during the last quarter. Neo Ivy Capital Management bought a new position in Peabody Energy during the third quarter valued at $81,000. Captrust Financial Advisors raised its stake in Peabody Energy by 104.5% during the first quarter. Captrust Financial Advisors now owns 4,208 shares of the coal producer’s stock valued at $103,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Byrne Asset Management LLC boosted its stake in Peabody Energy by 12.8% during the third quarter. Byrne Asset Management LLC now owns 5,429 shares of the coal producer’s stock valued at $135,000 after acquiring an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 77.87% of the company’s shares.
Peabody Energy Trading down 0.4%
NYSE BTU traded down $0.09 during trading hours on Friday, hitting $23.29. 1,818,581 shares of the company were exchanged, with an average volume of 4,639,469. Peabody Energy Co. has a 52-week low of $17.42 and a 52-week high of $33.29. The company has a quick ratio of 2.26, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $26.60. The stock has a market cap of $3.36 billion, a PE ratio of 2.95 and a beta of 1.06.
Peabody Energy (NYSE: BTU – Get Rating ) last posted its earnings results on Tuesday, February 14th. The coal producer reported $3.92 earnings per share for the quarter, topping the consensus estimate of $1.82 by $2.10. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.37 billion. Peabody Energy had a return on equity of 53.25% and a net margin of 26.04%. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. In the same quarter last year, the company reported $2.43 EPS. Analysts predict that Peabody Energy Co. will report 6.83 earnings per share for the current fiscal year.
The Wall Street analyst weighs in
BTU has been the subject of a number of analyst reports. BMO Capital Markets boosted their target price on Peabody Energy from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, November 18th. Benchmark boosted their target price on Peabody Energy from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, February 15th. Finally, B. Riley upped their target price on shares of Peabody Energy from $37.00 to $39.00 in a report on Tuesday, January 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.75, based on data from MarketBeat.com.
Insider buying and selling
In related news, major shareholder Elliott Investment Management sold 741,120 shares of the firm’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $28.71, for a total value of $21,277,555.20. Following the completion of the sale, the insider now directly owns 23,450,000 shares in the company, valued at $673,249,500. The sale was disclosed in a filing with the SEC, which can be accessed via this link. In related news, major shareholder Elliott Investment Management sold 741,120 shares of the company’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $28.71, for a total transaction of $21,277,555.20. Following the transaction, the insider now directly owns 23,450,000 shares in the company, valued at approximately $673,249,500. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available through the SEC’s website. Also, CFO Mark Spurbeck sold 21,070 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $25.88, for a total value of $545,291.60. Following the sale, the chief financial officer now directly owns 67,108 shares of the company’s stock, valued at $1,736,755.04. Disclosure of this sale can be found here. Insiders sold a total of 2,486,261 shares of company stock valued at $72,920,633 over the last three months. 0.09% of shares are owned by insiders.
Peabody Energy Profile
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Peabody Energy Corp. engaged in coal mining. It operates through the following business segments: Powder River Basin, Midwestern US, Western US, Seaborne Metallurgical, Seaborne Thermal Mining and Corporate and Other. The Powder River Basin Mining segment consists of mines in Wyoming.
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