Capricorn Fund Managers Ltd Sells 15,000 Shares of Peabody Energy Corporation $BTU

Key Points

• Capricorn Fund Managers Ltd has reduced its stake in Peabody Energy Corporation by 24.6%, selling 15,000 shares and now holding 46,000 shares valued at approximately $617,000.
• Peabody Energy recently faced mixed earnings results, reporting a revenue decline of 14.6% year-over-year, and earnings missing analysts' expectations for the quarter.
• Several institutions have increased their positions in Peabody Energy, indicating a growing interest, while analysts maintain a consensus rating of "Moderate Buy" with a target price of $23.20.

Capricorn Fund Managers Ltd cut its holdings in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) by 24.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,000 shares of the coal producer's stock after selling 15,000 shares during the period. Capricorn Fund Managers Ltd's holdings in Peabody Energy were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of 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 lifted its holdings in shares of 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. Harbor Capital Advisors Inc. lifted its holdings in shares of Peabody Energy by 70.7% in the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer's stock valued at $42,000 after purchasing an additional 1,281 shares in the last quarter. Byrne Asset Management LLC lifted its holdings in shares of Peabody Energy by 84.9% in the first quarter. Byrne Asset Management LLC now owns 3,245 shares of the coal producer's stock valued at $44,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in shares of Peabody Energy in the first quarter valued at about $46,000. 87.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BTU has been the topic of a number of research reports. B. Riley boosted their price target on Peabody Energy from $18.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Wall Street Zen upgraded Peabody Energy from a "sell" rating to a "hold" rating in a report on Friday. Weiss Ratings restated a "hold (c-)" rating on shares of Peabody Energy in a report on Saturday, September 27th. Finally, UBS Group boosted their price target on Peabody Energy from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.20.

Peabody Energy Price Performance

Shares of NYSE BTU opened at $32.09 on Friday. The business's 50 day moving average price is $19.43 and its two-hundred day moving average price is $15.67. The company has a market cap of $3.90 billion, a PE ratio of 31.16 and a beta of 0.67. The company has a quick ratio of 1.64, a current ratio of 2.21 and a debt-to-equity ratio of 0.09. Peabody Energy Corporation has a twelve month low of $9.61 and a twelve month high of $32.60.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The coal producer reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). The business 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%.Peabody Energy's quarterly revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned $1.42 EPS. On average, analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Announces Dividend

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

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.

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