Neo Ivy Capital Management Invests $1.01 Million in Peabody Energy Corporation $BTU

Key Points

• Neo Ivy Capital Management opened a new position of 37,938 shares in Peabody Energy (NYSE:BTU) during Q3, valued at approximately $1.01 million.
• Several other hedge funds also increased or established BTU stakes (including Sprott, Integrated Advisors Network and American Century), and institutional investors now own about 87.44% of the company.
• Corporate insiders trimmed their holdings—CAO Scott Jarboe sold 2,151 shares and COO Darren Yeates sold 13,892 shares—leaving insiders with roughly 0.41% ownership.

Neo Ivy Capital Management purchased a new position in shares of Peabody Energy Corporation (NYSE:BTU - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 37,938 shares of the coal producer's stock, valued at approximately $1,006,000.

Several other hedge funds have also recently modified their holdings of BTU. Sprott Inc. purchased a new position in shares of Peabody Energy in the 3rd quarter valued at approximately $796,000. American Century Companies Inc. grew its position in Peabody Energy by 8.7% during the 3rd quarter. American Century Companies Inc. now owns 4,425,459 shares of the coal producer's stock worth $117,363,000 after purchasing an additional 354,099 shares during the last quarter. Caitlin John LLC acquired a new position in Peabody Energy during the 3rd quarter valued at approximately $61,000. Integrated Advisors Network LLC purchased a new position in shares of Peabody Energy in the third quarter worth $5,250,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Peabody Energy in the third quarter worth $280,000. Institutional investors and hedge funds own 87.44% of the company's stock.

Insiders Place Their Bets

In other Peabody Energy news, CAO Scott T. Jarboe sold 2,151 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $34.26, for a total transaction of $73,693.26. Following the transaction, the chief accounting officer directly owned 82,306 shares of the company's stock, valued at $2,819,803.56. This trade represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Darren Ronald Yeates sold 13,892 shares of Peabody Energy stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $36.40, for a total transaction of $505,668.80. Following the completion of the sale, the chief operating officer owned 113,440 shares in the company, valued at approximately $4,129,216. This trade represents a 10.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.41% of the company's stock.

Peabody Energy Stock Down 3.5%

Shares of BTU opened at $32.13 on Friday. The firm has a market cap of $3.91 billion, a P/E ratio of -71.40 and a beta of 0.54. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $39.95. The stock's 50 day moving average is $34.23 and its two-hundred day moving average is $29.06. The company has a current ratio of 1.85, a quick ratio of 1.40 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its earnings results on Thursday, February 5th. The coal producer reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The company's quarterly revenue was down 9.0% compared to the same quarter last year. Analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be given a dividend of $0.075 per share. The ex-dividend date is Monday, February 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. Peabody Energy's dividend payout ratio is currently -66.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Peabody Energy from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Zacks Research lowered Peabody Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 4th. B. Riley Financial lifted their price target on Peabody Energy from $38.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, February 4th. Weiss Ratings downgraded Peabody Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group increased their price objective on Peabody Energy from $42.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $37.00.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world's largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company's operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody's product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.

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