Glenorchy Capital Ltd Buys Shares of 65,505 Peabody Energy Co. (NYSE:BTU)

Glenorchy Capital Ltd bought a new stake in Peabody Energy Co. (NYSE:BTU - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,505 shares of the coal producer's stock, valued at approximately $1,593,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Gimbal Financial acquired a new position in Peabody Energy in the fourth quarter valued at about $297,000. Duality Advisers LP acquired a new stake in shares of Peabody Energy during the fourth quarter worth about $4,482,000. Daiwa Securities Group Inc. acquired a new stake in shares of Peabody Energy during the fourth quarter worth about $36,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Peabody Energy during the fourth quarter worth about $306,000. Finally, Byrne Asset Management LLC raised its position in shares of Peabody Energy by 20.6% during the fourth quarter. Byrne Asset Management LLC now owns 3,690 shares of the coal producer's stock worth $92,000 after purchasing an additional 630 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Stock Down 2.0 %

Peabody Energy stock traded down $0.48 during midday trading on Tuesday, reaching $23.44. The stock had a trading volume of 1,973,660 shares, compared to its average volume of 3,717,424. The firm's fifty day simple moving average is $24.44 and its 200-day simple moving average is $24.51. Peabody Energy Co. has a 1-year low of $17.71 and a 1-year high of $27.24. The stock has a market capitalization of $2.98 billion, a P/E ratio of 4.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.70 and a current ratio of 2.06.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its earnings results on Thursday, February 8th. The coal producer reported $1.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($0.08). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Peabody Energy had a net margin of 15.36% and a return on equity of 21.45%. The firm's quarterly revenue was down 24.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.65 EPS. As a group, analysts expect that Peabody Energy Co. will post 3.07 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 22nd were paid a $0.075 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $0.30 dividend on an annualized basis and a yield of 1.28%. Peabody Energy's dividend payout ratio is 6.02%.

Insider Buying and Selling at Peabody Energy

In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the completion of the transaction, the chief financial officer now directly owns 75,464 shares in the company, valued at $1,854,150.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Nicholas J. Chirekos sold 14,000 shares of the business's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.50, for a total transaction of $357,000.00. Following the completion of the transaction, the director now owns 24,279 shares of the company's stock, valued at approximately $619,114.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Spurbeck sold 6,826 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $167,714.82. Following the transaction, the chief financial officer now directly owns 75,464 shares of the company's stock, valued at approximately $1,854,150.48. The disclosure for this sale can be found here. Insiders sold a total of 52,806 shares of company stock worth $1,339,565 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. B. Riley dropped their price target on Peabody Energy from $34.00 to $32.00 and set a "buy" rating on the stock in a research report on Monday, April 15th. Benchmark reaffirmed a "buy" rating and set a $28.00 price target on shares of Peabody Energy in a research report on Friday, April 12th.

Peabody Energy 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.

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