Peabody Energy Corporation $BTU Stock Position Raised by Mountain Lake Investment Management LLC

Key Points

• Mountain Lake Investment Management LLC increased its stake in Peabody Energy by 398.4% in the first quarter, owning 114,638 shares valued at approximately $1.55 million.
• Peabody Energy reported a revenue decline of 14.6% year-over-year in its latest earnings report, with a loss of $0.06 per share, missing analysts' expectations.
• The company recently declared a quarterly dividend of $0.075, reflecting an annualized payout of $0.30 and a dividend yield of 1.6%.

Mountain Lake Investment Management LLC grew its holdings in Peabody Energy Corporation (NYSE:BTU - Free Report) by 398.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 114,638 shares of the coal producer's stock after buying an additional 91,638 shares during the period. Peabody Energy accounts for approximately 1.5% of Mountain Lake Investment Management LLC's portfolio, making the stock its 16th largest position. Mountain Lake Investment Management LLC owned about 0.09% of Peabody Energy worth $1,553,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Long Focus Capital Management LLC raised its holdings in Peabody Energy by 96.7% during the first quarter. Long Focus Capital Management LLC now owns 1,789,858 shares of the coal producer's stock worth $24,253,000 after purchasing an additional 879,800 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Peabody Energy by 117.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,406,307 shares of the coal producer's stock worth $19,055,000 after purchasing an additional 760,155 shares during the period. Bridgeway Capital Management LLC acquired a new stake in shares of Peabody Energy in the 1st quarter valued at approximately $9,083,000. AQR Capital Management LLC boosted its stake in shares of Peabody Energy by 698.4% in the first quarter. AQR Capital Management LLC now owns 738,425 shares of the coal producer's stock valued at $10,006,000 after buying an additional 645,934 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Peabody Energy in the first quarter valued at approximately $7,331,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Peabody Energy Trading Up 0.5%

Shares of BTU traded up $0.10 on Tuesday, hitting $18.48. 2,762,820 shares of the stock traded hands, compared to its average volume of 3,981,960. Peabody Energy Corporation has a 1 year low of $9.61 and a 1 year high of $29.94. The stock's 50 day moving average is $16.45 and its two-hundred day moving average is $14.40. The firm has a market capitalization of $2.25 billion, a P/E ratio of 17.94 and a beta of 0.64. 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 (NYSE:BTU - Get Free Report) last released its earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $890.10 million during the quarter, compared to analyst estimates of $944.27 million. Peabody Energy had a net margin of 3.43% and a return on equity of 4.41%. The business's revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. As a group, sell-side analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a $0.075 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.6%. Peabody Energy's dividend payout ratio (DPR) is 29.13%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BTU. Wall Street Zen cut shares of Peabody Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. UBS Group lifted their price target on Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Finally, B. Riley increased their price objective on shares of Peabody Energy from $18.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Peabody Energy presently has a consensus rating of "Moderate Buy" and an average target price of $22.90.

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.