Arizona State Retirement System Has $634,000 Stock Holdings in Peabody Energy Co. (NYSE:BTU)

Arizona State Retirement System raised its holdings in shares of Peabody Energy Co. (NYSE:BTUGet Rating) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,829 shares of the coal producer’s stock after purchasing an additional 2,756 shares during the quarter. Arizona State Retirement System’s holdings in Peabody Energy were worth $634,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Mount Yale Investment Advisors LLC acquired a new stake in shares of Peabody Energy during the first quarter worth $206,000. National Asset Management Inc. acquired a new stake in shares of Peabody Energy during the first quarter worth $253,000. Nisa Investment Advisors LLC acquired a new stake in shares of Peabody Energy during the first quarter worth $58,000. Convergence Investment Partners LLC acquired a new stake in shares of Peabody Energy during the first quarter worth $266,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Peabody Energy by 167.0% during the first quarter. Assenagon Asset Management S.A. now owns 541,461 shares of the coal producer’s stock worth $13,282,000 after buying an additional 338,695 shares in the last quarter. Institutional investors and hedge funds own 69.62% of the company’s stock.

Peabody Energy Stock Down 0.3 %

Shares of NYSE BTU opened at $19.39 on Thursday. Peabody Energy Co. has a 52 week low of $8.58 and a 52 week high of $33.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.02 and a current ratio of 2.28. The stock’s fifty day moving average is $22.54 and its 200 day moving average is $21.42. The stock has a market capitalization of $2.79 billion, a P/E ratio of 3.72 and a beta of 1.10.

Peabody Energy (NYSE:BTUGet Rating) last released its earnings results on Thursday, July 28th. The coal producer reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $1.48. Peabody Energy had a return on equity of 60.85% and a net margin of 19.18%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted ($0.35) earnings per share. The business’s revenue for the quarter was up 82.7% on a year-over-year basis. Sell-side analysts forecast that Peabody Energy Co. will post 8.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BTU has been the subject of a number of research reports. Jefferies Financial Group raised Peabody Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $36.00 in a report on Tuesday, June 7th. Benchmark raised their price target on Peabody Energy from $19.00 to $29.00 in a research report on Monday, May 2nd. Clarkson Capital restated a “neutral” rating on shares of Peabody Energy in a research report on Tuesday, June 14th. Finally, B. Riley decreased their price target on Peabody Energy from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.67.

About Peabody Energy

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Peabody Energy Corporation engages in coal mining business 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 Other U.S.

See Also

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Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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