JB Investments Management LLC cut its holdings in Peabody Energy Corporation (NYSE:BTU) by 88.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,740 shares of the coal producer’s stock after selling 1,378,628 shares during the period. Peabody Energy Corporation makes up 19.1% of JB Investments Management LLC’s investment portfolio, making the stock its 2nd biggest holding. JB Investments Management LLC owned 0.17% of Peabody Energy Corporation worth $52,788,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of BTU. Pacific Heights Asset Management LLC bought a new stake in Peabody Energy Corporation in the second quarter worth $295,000. First Midwest Bank Trust Division bought a new stake in Peabody Energy Corporation in the second quarter worth $562,000. Parkwood LLC bought a new stake in Peabody Energy Corporation in the second quarter worth $594,000. Strs Ohio bought a new stake in Peabody Energy Corporation in the second quarter worth $933,000. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stake in Peabody Energy Corporation in the second quarter worth $748,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.
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In other news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total transaction of $346,880,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Peabody Energy Corporation (BTU) traded down 0.55% during midday trading on Monday, reaching $30.52. 293,582 shares of the company’s stock were exchanged. Peabody Energy Corporation has a 52 week low of $22.58 and a 52 week high of $32.50. The company’s market cap is $3.06 billion. The firm has a 50-day moving average price of $29.58 and a 200 day moving average price of $26.89.
Peabody Energy Corporation (NYSE:BTU) last released its quarterly earnings data on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.14. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($7.53) earnings per share. Analysts anticipate that Peabody Energy Corporation will post $6.28 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Peabody Energy Corporation from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, October 25th. Stifel Nicolaus set a $32.00 price objective on shares of Peabody Energy Corporation and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Macquarie assumed coverage on shares of Peabody Energy Corporation in a report on Thursday, September 7th. They issued a “neutral” rating and a $30.00 price objective for the company. FBR & Co reiterated a “buy” rating and issued a $37.00 price objective (up from $36.00) on shares of Peabody Energy Corporation in a report on Wednesday, October 25th. Finally, MKM Partners reiterated a “buy” rating on shares of Peabody Energy Corporation in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Peabody Energy Corporation has a consensus rating of “Buy” and an average target price of $35.13.
About Peabody Energy Corporation
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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