Janney Montgomery Scott LLC Makes New $1.68 Million Investment in Peabody Energy Co. (NYSE:BTU)

Janney Montgomery Scott LLC acquired a new position in Peabody Energy Co. (NYSE:BTUGet Rating) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 67,531 shares of the coal producer’s stock, valued at approximately $1,676,000.

A number of other institutional investors have also modified their holdings of BTU. Macquarie Group Ltd. acquired a new stake in shares of Peabody Energy in the 2nd quarter valued at about $33,000. Gladius Capital Management LP acquired a new stake in shares of Peabody Energy in the 2nd quarter valued at about $36,000. Captrust Financial Advisors raised its stake in shares of Peabody Energy by 104.5% in the 1st quarter. Captrust Financial Advisors now owns 4,208 shares of the coal producer’s stock valued at $103,000 after purchasing an additional 2,150 shares in the last quarter. Islay Capital Management LLC acquired a new stake in shares of Peabody Energy in the 2nd quarter valued at about $105,000. Finally, Byrne Asset Management LLC raised its stake in shares of Peabody Energy by 12.8% in the 3rd quarter. Byrne Asset Management LLC now owns 5,429 shares of the coal producer’s stock valued at $135,000 after purchasing an additional 615 shares in the last quarter. Institutional investors and hedge funds own 77.87% of the company’s stock.

Peabody Energy Price Performance

BTU opened at $28.41 on Monday. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 3.59 and a beta of 1.04. Peabody Energy Co. has a fifty-two week low of $9.83 and a fifty-two week high of $33.29. The company’s 50-day moving average price is $28.58 and its 200 day moving average price is $25.12. The company has a quick ratio of 1.58, a current ratio of 1.79 and a debt-to-equity ratio of 0.12.

Peabody Energy (NYSE:BTUGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The coal producer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.09. Peabody Energy had a net margin of 25.50% and a return on equity of 57.13%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.25 billion. As a group, sell-side analysts expect that Peabody Energy Co. will post 6.54 earnings per share for the current year.

Analyst Ratings Changes

BTU has been the topic of a number of recent analyst reports. BMO Capital Markets upped their target price on shares of Peabody Energy from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Friday, November 18th. B. Riley increased their price objective on shares of Peabody Energy from $28.00 to $31.00 in a research note on Tuesday, October 11th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.75.

Insiders Place Their Bets

In other Peabody Energy news, major shareholder Elliott Investment Management sold 668,161 shares of the company’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $31.76, for a total value of $21,220,793.36. Following the completion of the transaction, the insider now owns 24,732,839 shares in the company, valued at approximately $785,514,966.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Peabody Energy news, major shareholder Elliott Investment Management sold 668,161 shares of the company’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $31.76, for a total value of $21,220,793.36. Following the completion of the transaction, the insider now owns 24,732,839 shares in the company, valued at approximately $785,514,966.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Mark Spurbeck sold 6,219 shares of the company’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $24.65, for a total transaction of $153,298.35. Following the completion of the transaction, the chief financial officer now owns 63,578 shares of the company’s stock, valued at approximately $1,567,197.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,209,587 shares of company stock worth $66,114,366. Insiders own 0.09% of the company’s stock.

Peabody Energy Company Profile

(Get Rating)

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.

Featured Stories

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

Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.