Ranmore Fund Management Ltd Buys 102,216 Shares of Peabody Energy Corporation $BTU

Ranmore Fund Management Ltd grew its holdings in shares of Peabody Energy Corporation (NYSE:BTU) by 26.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 496,089 shares of the coal producer’s stock after buying an additional 102,216 shares during the period. Peabody Energy makes up 2.7% of Ranmore Fund Management Ltd’s investment portfolio, making the stock its 13th largest holding. Ranmore Fund Management Ltd owned about 0.41% of Peabody Energy worth $6,658,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HC Advisors LLC purchased a new position in shares of Peabody Energy during the second quarter valued at approximately $717,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Peabody Energy by 7.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,513,951 shares of the coal producer’s stock valued at $20,317,000 after acquiring an additional 107,644 shares during the last quarter. Regal Partners Ltd purchased a new position in Peabody Energy in the second quarter worth $553,000. Teacher Retirement System of Texas grew its stake in Peabody Energy by 11.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 70,461 shares of the coal producer’s stock valued at $946,000 after purchasing an additional 7,495 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Peabody Energy by 187.5% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 71,313 shares of the coal producer’s stock valued at $957,000 after purchasing an additional 46,506 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Down 2.4%

Peabody Energy stock opened at $29.34 on Wednesday. Peabody Energy Corporation has a 12 month low of $9.61 and a 12 month high of $35.99. The stock has a fifty day simple moving average of $26.65 and a two-hundred day simple moving average of $19.05. 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 firm has a market cap of $3.57 billion, a price-to-earnings ratio of 28.49 and a beta of 0.50.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, October 30th. The coal producer reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.39). Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $990.20 million. During the same period in the previous year, the firm earned $0.74 EPS. The business’s revenue was down 7.0% on a year-over-year basis. Equities analysts predict that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be given a $0.075 dividend. The ex-dividend date is Thursday, November 13th. This represents a $0.30 dividend on an annualized basis and a yield of 1.0%. Peabody Energy’s dividend payout ratio (DPR) is currently -103.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BTU shares. Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a report on Sunday, November 2nd. UBS Group boosted their price target on shares of Peabody Energy from $17.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Benchmark lifted their price target on Peabody Energy from $23.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Peabody Energy in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.00.

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.