Neo Ivy Capital Management Acquires New Position in Peabody Energy Co. (NYSE:BTU)

Neo Ivy Capital Management bought a new stake in shares of Peabody Energy Co. (NYSE:BTU - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 83,235 shares of the coal producer's stock, valued at approximately $1,742,000. Neo Ivy Capital Management owned about 0.07% of Peabody Energy as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BTU. Smartleaf Asset Management LLC increased its position in shares of Peabody Energy by 167.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the coal producer's stock valued at $25,000 after buying an additional 744 shares in the last quarter. Quarry LP acquired a new position in Peabody Energy in the 4th quarter worth $26,000. Byrne Asset Management LLC boosted its stake in Peabody Energy by 63.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock worth $37,000 after purchasing an additional 680 shares during the period. Altshuler Shaham Ltd boosted its stake in Peabody Energy by 45.0% in the 4th quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock worth $61,000 after purchasing an additional 900 shares during the period. Finally, Natixis acquired a new position in Peabody Energy in the 4th quarter worth $67,000. Institutional investors own 87.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BTU. B. Riley reduced their price objective on shares of Peabody Energy from $27.00 to $19.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Benchmark reduced their price objective on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th.

Peabody Energy Stock Performance

NYSE:BTU traded down $0.30 during mid-day trading on Thursday, hitting $13.72. The stock had a trading volume of 1,254,609 shares, compared to its average volume of 3,444,507. Peabody Energy Co. has a twelve month low of $9.61 and a twelve month high of $29.94. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 5.08 and a beta of 0.49. The company's 50 day simple moving average is $13.19 and its 200 day simple moving average is $17.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.68 and a current ratio of 2.15.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its earnings results on Tuesday, May 6th. The coal producer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.20. The business had revenue of $937.00 million during the quarter, compared to the consensus estimate of $976.57 million. Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. Peabody Energy's revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. On average, equities research analysts forecast that Peabody Energy Co. will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.30 annualized dividend and a yield of 2.19%. Peabody Energy's dividend payout ratio is currently 11.19%.

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.