Peabody Energy Corporation $BTU Shares Acquired by Old West Investment Management LLC

Key Points

• Old West Investment Management LLC increased its holdings in Peabody Energy by 100%, now owning 114,486 shares valued at approximately $1.55 million.
• Analyst ratings for Peabody Energy show a mixed sentiment, with UBS raising its target price to $15.50 and Wall Street Zen downgrading to a "sell," indicating varied expectations for the stock's future performance.
• Peabody Energy reported a loss of $0.06 EPS in its latest quarter, missing analyst estimates, and recorded a 14.6% decline in revenue year-over-year.

Old West Investment Management LLC grew its stake in Peabody Energy Corporation (NYSE:BTU - Free Report) by 100.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,486 shares of the coal producer's stock after purchasing an additional 57,243 shares during the quarter. Old West Investment Management LLC owned approximately 0.09% of Peabody Energy worth $1,551,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. BOKF NA lifted its stake in shares of Peabody Energy by 5.0% in the fourth quarter. BOKF NA now owns 22,236 shares of the coal producer's stock worth $466,000 after buying an additional 1,050 shares in the last quarter. Quarry LP purchased a new position in shares of Peabody Energy in the fourth quarter worth about $26,000. Harbor Capital Advisors Inc. lifted its stake 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 worth $42,000 after buying an additional 1,281 shares in the last quarter. US Bancorp DE lifted its stake in shares of Peabody Energy by 33.5% in the first quarter. US Bancorp DE now owns 5,726 shares of the coal producer's stock worth $78,000 after buying an additional 1,437 shares in the last quarter. Finally, Byrne Asset Management LLC lifted its stake 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 worth $44,000 after buying an additional 1,490 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Wall Street Analysts Forecast Growth

BTU has been the topic of several research reports. Benchmark decreased their price target on shares of Peabody Energy from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Wall Street Zen downgraded shares of Peabody Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, UBS Group raised their price target on shares of Peabody Energy from $14.00 to $15.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.90.

Peabody Energy Trading Up 3.3%

BTU stock traded up $0.55 during trading on Friday, reaching $17.39. 3,649,703 shares of the stock were exchanged, compared to its average volume of 4,345,004. The company has a current ratio of 2.21, a quick ratio of 1.64 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $15.78 and a 200-day moving average price of $14.30. Peabody Energy Corporation has a 1 year low of $9.61 and a 1 year high of $29.94. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 16.88 and a beta of 0.53.

Peabody Energy (NYSE:BTU - Get Free Report) last issued its earnings results on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.02). Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The firm had revenue of $890.10 million for the quarter, compared to analysts' expectations of $944.27 million. During the same period last year, the firm earned $1.42 earnings per share. Peabody Energy's revenue for the quarter was down 14.6% on a year-over-year basis. On average, research analysts predict that Peabody Energy Corporation 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, September 3rd. Shareholders of record on Thursday, August 14th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, August 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.7%. Peabody Energy's dividend payout ratio (DPR) is currently 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.