Alliancebernstein L.P. bought a new stake in shares of Peabody Energy Corporation (NYSE:BTU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,767,320 shares of the coal producer’s stock, valued at approximately $43,211,000. Alliancebernstein L.P. owned approximately 1.83% of Peabody Energy Corporation at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BTU. Pacific Heights Asset Management LLC purchased a new position in shares of Peabody Energy Corporation during the 2nd quarter valued at approximately $295,000. First Midwest Bank Trust Division purchased a new position in Peabody Energy Corporation in the 2nd quarter valued at $562,000. Parkwood LLC purchased a new position in Peabody Energy Corporation in the 2nd quarter valued at $594,000. Strs Ohio purchased a new position in Peabody Energy Corporation in the 2nd quarter valued at $933,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in Peabody Energy Corporation in the 2nd quarter valued at $748,000. Hedge funds and other institutional investors own 97.98% of the company’s stock.
In other Peabody Energy Corporation news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.27% of the stock is currently owned by corporate insiders.
A number of research analysts have weighed in on BTU shares. Zacks Investment Research upgraded Peabody Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. FBR & Co set a $35.00 price objective on Peabody Energy Corporation and gave the company a “buy” rating in a report on Monday, September 11th. Clarkson Capital restated a “buy” rating on shares of Peabody Energy Corporation in a report on Thursday, June 22nd. Macquarie started coverage on Peabody Energy Corporation in a report on Thursday, September 7th. They issued a “neutral” rating and a $30.00 price objective on the stock. Finally, MKM Partners restated a “buy” rating and issued a $38.00 price objective (up previously from $32.00) on shares of Peabody Energy Corporation in a report on Thursday, August 24th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $33.38.
Peabody Energy Corporation (NYSE:BTU) opened at 29.58 on Friday. The firm has a 50-day moving average price of $28.76 and a 200-day moving average price of $25.98. The stock’s market cap is $2.97 billion. Peabody Energy Corporation has a one year low of $8.75 and a one year high of $32.50.
Peabody Energy Corporation (NYSE:BTU) last posted its earnings results on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($1.07). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, equities analysts predict that Peabody Energy Corporation will post $6.28 earnings per share for the current year.
Peabody Energy Corporation Profile
Peabody Energy Corporation is a coal company. The Company’s segments include Powder River Basin Mining, Midwestern U.S. Mining, Western U.S. Mining, Australian Metallurgical Mining, Australian Thermal Mining, Trading and Brokerage, and Corporate and Other. Its Powder River Basin Mining operations consist of its mines in Wyoming.
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