Bayforest Capital Ltd Buys 23,327 Shares of Peabody Energy Corporation $BTU

Key Points

• Bayforest Capital Ltd increased its stake in Peabody Energy Corporation by 225.2%, acquiring an additional 23,327 shares during the second quarter, with holdings valued at $452,000.
• Several hedge funds have significantly increased their investments in Peabody Energy, indicating strong institutional interest, as 87.44% of the company's stock is now owned by institutional investors.
• Peabody Energy's stock received upgrades from multiple analysts, with a consensus target price rising to $25.20, reflecting a growing optimism in the stock's performance.

Bayforest Capital Ltd raised its stake in Peabody Energy Corporation (NYSE:BTU - Free Report) by 225.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,686 shares of the coal producer's stock after purchasing an additional 23,327 shares during the quarter. Bayforest Capital Ltd's holdings in Peabody Energy were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BTU. Allworth Financial LP grew its stake in Peabody Energy by 315.0% in the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer's stock valued at $27,000 after purchasing an additional 1,613 shares in the last quarter. Signaturefd LLC grew its stake in Peabody Energy by 48.5% in the second quarter. Signaturefd LLC now owns 2,353 shares of the coal producer's stock valued at $32,000 after purchasing an additional 768 shares in the last quarter. Garde Capital Inc. bought a new position in Peabody Energy in the first quarter valued at approximately $46,000. GAMMA Investing LLC grew its stake in Peabody Energy by 65.2% in the second quarter. GAMMA Investing LLC now owns 3,886 shares of the coal producer's stock valued at $52,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Byrne Asset Management LLC grew its stake in Peabody Energy by 27.2% in the second quarter. Byrne Asset Management LLC now owns 4,129 shares of the coal producer's stock valued at $55,000 after purchasing an additional 884 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen upgraded Peabody Energy from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. B. Riley lifted their target price on Peabody Energy from $18.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Peabody Energy in a research note on Wednesday, October 8th. Finally, UBS Group lifted their target price on Peabody Energy from $17.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Peabody Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.20.

Peabody Energy Stock Performance

NYSE:BTU opened at $34.86 on Wednesday. The stock has a market cap of $4.24 billion, a P/E ratio of 33.84 and a beta of 0.67. The stock has a 50 day simple moving average of $21.70 and a 200 day simple moving average of $16.57. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a 1-year low of $9.61 and a 1-year high of $35.99.

Peabody Energy (NYSE:BTU - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $890.10 million for the quarter, compared to analyst estimates of $944.27 million. Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The business's revenue for the quarter was down 14.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 earnings per share. Research analysts anticipate that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 14th. Peabody Energy's dividend payout ratio (DPR) is presently 29.13%.

Peabody Energy Company Profile

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.

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