Glenorchy Capital Ltd Makes New Investment in Peabody Energy Co. (NYSE:BTU)

Glenorchy Capital Ltd purchased a new position in Peabody Energy Co. (NYSE:BTU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 65,505 shares of the coal producer’s stock, valued at approximately $1,593,000.

A number of other institutional investors have also bought and sold shares of the business. Stratos Wealth Partners LTD. purchased a new position in shares of Peabody Energy during the third quarter valued at about $261,000. Hosking Partners LLP grew its position in shares of Peabody Energy by 9.0% during the third quarter. Hosking Partners LLP now owns 1,362,201 shares of the coal producer’s stock valued at $35,404,000 after purchasing an additional 112,092 shares in the last quarter. Gendell Jeffrey L grew its position in shares of Peabody Energy by 18.6% during the third quarter. Gendell Jeffrey L now owns 2,194,474 shares of the coal producer’s stock valued at $57,034,000 after purchasing an additional 344,793 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Peabody Energy by 7.5% during the third quarter. Bank of New York Mellon Corp now owns 787,687 shares of the coal producer’s stock valued at $20,472,000 after purchasing an additional 55,131 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Peabody Energy by 47.5% during the fourth quarter. SG Americas Securities LLC now owns 10,306 shares of the coal producer’s stock valued at $251,000 after purchasing an additional 3,321 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $28.00 price target on shares of Peabody Energy in a report on Friday, April 12th. B. Riley lowered their price target on shares of Peabody Energy from $34.00 to $32.00 and set a “buy” rating for the company in a report on Monday, April 15th.

Peabody Energy Trading Down 2.0 %

Shares of NYSE:BTU traded down $0.48 during trading on Tuesday, reaching $23.44. The company’s stock had a trading volume of 1,973,660 shares, compared to its average volume of 3,717,424. The company has a current ratio of 2.06, a quick ratio of 1.70 and a debt-to-equity ratio of 0.09. Peabody Energy Co. has a 12 month low of $17.71 and a 12 month high of $27.24. The firm’s 50 day simple moving average is $24.44 and its two-hundred day simple moving average is $24.51. The stock has a market capitalization of $2.98 billion, a PE ratio of 4.71 and a beta of 0.98.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.08). The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The firm’s revenue for the quarter was down 24.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.65 EPS. On average, research analysts predict that Peabody Energy Co. will post 3.07 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Wednesday, February 21st. Peabody Energy’s payout ratio is currently 6.02%.

Insider Activity

In other news, Director Nicholas J. Chirekos sold 14,000 shares of Peabody Energy stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.50, for a total transaction of $357,000.00. Following the completion of the sale, the director now owns 24,279 shares of the company’s stock, valued at $619,114.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Mark Spurbeck sold 6,826 shares of Peabody Energy stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total transaction of $167,714.82. Following the transaction, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at $1,854,150.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Nicholas J. Chirekos sold 14,000 shares of Peabody Energy stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.50, for a total transaction of $357,000.00. Following the transaction, the director now directly owns 24,279 shares in the company, valued at $619,114.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,806 shares of company stock valued at $1,339,565. Corporate insiders own 0.40% of the company’s stock.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.