Glendon Capital Management LP purchased a new position in shares of Peabody Energy Corporation (NYSE:BTU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 99,444 shares of the coal producer’s stock, valued at approximately $2,431,000. Peabody Energy Corporation accounts for about 0.6% of Glendon Capital Management LP’s portfolio, making the stock its 21st biggest position. Glendon Capital Management LP owned about 0.10% of Peabody Energy Corporation as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Discovery Capital Management LLC CT acquired a new position in Peabody Energy Corporation during the 2nd quarter worth $535,982,000. Elliott Management Corp acquired a new position in Peabody Energy Corporation during the 2nd quarter worth $518,196,000. PointState Capital LP acquired a new position in Peabody Energy Corporation during the 2nd quarter worth $148,105,000. Vanguard Group Inc. acquired a new position in Peabody Energy Corporation during the 2nd quarter worth $142,007,000. Finally, BlackRock Inc. acquired a new position in Peabody Energy Corporation during the 2nd quarter worth $91,395,000. Institutional investors own 97.98% of the company’s stock.
BTU has been the subject of several research analyst reports. Clarkson Capital restated a “buy” rating on shares of Peabody Energy Corporation in a report on Thursday, June 22nd. FBR & Co upped their price objective on Peabody Energy Corporation from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Peabody Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Stifel Nicolaus set a $32.00 price objective on Peabody Energy Corporation and gave the company a “hold” rating in a report on Wednesday, August 2nd. 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Peabody Energy Corporation has an average rating of “Buy” and a consensus price target of $35.00.
In other Peabody Energy Corporation news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.27% of the stock is currently owned by company insiders.
Shares of Peabody Energy Corporation (NYSE:BTU) traded down 0.96% during mid-day trading on Thursday, hitting $28.83. The stock had a trading volume of 251,448 shares. Peabody Energy Corporation has a 12-month low of $22.58 and a 12-month high of $32.50. The firm’s 50-day moving average price is $29.32 and its 200 day moving average price is $26.45. The stock’s market cap is $2.89 billion.
Peabody Energy Corporation (NYSE:BTU) last announced its quarterly earnings data on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($1.07). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts forecast that Peabody Energy Corporation will post $6.28 EPS for the current fiscal year.
Peabody Energy Corporation Company 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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