SG Americas Securities LLC Makes New Investment in Peabody Energy Co. (NYSE:BTU)

SG Americas Securities LLC bought a new position in Peabody Energy Co. (NYSE:BTUGet Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,080 shares of the coal producer’s stock, valued at approximately $871,000.

Several other hedge funds have also recently modified their holdings of BTU. FMR LLC lifted its holdings in shares of Peabody Energy by 96.7% in the second quarter. FMR LLC now owns 15,585,781 shares of the coal producer’s stock worth $332,445,000 after buying an additional 7,663,928 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Peabody Energy by 49.2% in the first quarter. Vanguard Group Inc. now owns 7,873,533 shares of the coal producer’s stock worth $193,137,000 after buying an additional 2,595,279 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of Peabody Energy by 2,249.0% in the first quarter. First Republic Investment Management Inc. now owns 2,104,738 shares of the coal producer’s stock worth $51,629,000 after buying an additional 2,015,138 shares in the last quarter. Thomist Capital Management LP purchased a new position in shares of Peabody Energy in the third quarter worth $41,682,000. Finally, PointState Capital LP purchased a new position in shares of Peabody Energy in the first quarter worth $27,379,000. Hedge funds and other institutional investors own 77.87% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. B. Riley boosted their target price on shares of Peabody Energy from $37.00 to $39.00 in a report on Tuesday. BMO Capital Markets boosted their price target on shares of Peabody Energy from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Friday, November 18th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Peabody Energy currently has an average rating of “Moderate Buy” and an average price target of $33.75.

Peabody Energy Trading Up 0.1 %

Shares of BTU opened at $27.45 on Friday. The company’s fifty day moving average is $28.54 and its 200 day moving average is $25.25. Peabody Energy Co. has a fifty-two week low of $9.83 and a fifty-two week high of $33.29. The stock has a market capitalization of $3.95 billion, a PE ratio of 3.47 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.58 and a current ratio of 1.79.

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

Peabody Energy Company Profile

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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

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

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