Hudson Bay Capital Management LP lifted its position in Peabody Energy Co. (NYSE:BTU - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,543,915 shares of the coal producer's stock after acquiring an additional 360,000 shares during the quarter. Hudson Bay Capital Management LP owned approximately 1.27% of Peabody Energy worth $32,330,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC increased its stake in 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 during the period. Quarry LP acquired a new position in shares of Peabody Energy in the fourth quarter worth $26,000. Byrne Asset Management LLC raised its holdings in shares of Peabody Energy by 63.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,755 shares of the coal producer's stock worth $37,000 after acquiring an additional 680 shares in the last quarter. Altshuler Shaham Ltd raised its holdings in shares of Peabody Energy by 45.0% during the fourth quarter. Altshuler Shaham Ltd now owns 2,900 shares of the coal producer's stock worth $61,000 after acquiring an additional 900 shares in the last quarter. Finally, Natixis acquired a new stake in Peabody Energy during the fourth quarter valued at $67,000. 87.44% of the stock is owned by hedge funds and other institutional investors.
Peabody Energy Stock Performance
Shares of NYSE:BTU traded up $0.45 during trading on Friday, hitting $14.76. 1,694,073 shares of the stock were exchanged, compared to its average volume of 3,404,890. The company's fifty day simple moving average is $13.10 and its 200-day simple moving average is $17.94. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 5.45 and a beta of 0.49. Peabody Energy Co. has a 1-year low of $9.61 and a 1-year high of $29.94. 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 announced its quarterly 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 firm 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%. The firm's quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.30 EPS. Sell-side analysts expect that Peabody Energy Co. will post 2.61 EPS for the current fiscal year.
Peabody Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Thursday, May 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.30 dividend on an annualized basis and a yield of 2.03%. Peabody Energy's payout ratio is 11.19%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. 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 Peabody Energy from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th.
Read Our Latest Stock Analysis on BTU
About Peabody Energy
(
Free Report)
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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