Alta Fundamental Advisers LLC Purchases Shares of 16,315 Peabody Energy Corporation (BTU)
Alta Fundamental Advisers LLC purchased a new stake in shares of Peabody Energy Corporation (NYSE:BTU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,315 shares of the coal producer’s stock, valued at approximately $398,000. Peabody Energy Corporation accounts for 0.3% of Alta Fundamental Advisers LLC’s portfolio, making the stock its 20th biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in BTU. FNY Partners Fund LP acquired a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $146,000. BNP Paribas Arbitrage SA acquired a new position in Peabody Energy Corporation in the 2nd quarter valued at approximately $162,000. Pacific Heights Asset Management LLC acquired a new position in Peabody Energy Corporation in the 2nd quarter valued at approximately $295,000. Martingale Asset Management L P acquired a new position in Peabody Energy Corporation in the 2nd quarter valued at approximately $301,000. Finally, Legal & General Group Plc acquired a new position in Peabody Energy Corporation in the 2nd quarter valued at approximately $310,000. Institutional investors and hedge funds own 97.98% of the company’s stock.
In other news, major shareholder Discovery Capital Management, sold 12,800,000 shares of Peabody Energy Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.27% of the stock is owned by company insiders.
Several research analysts have weighed in on the stock. Stifel Nicolaus set a $32.00 price objective on shares of Peabody Energy Corporation and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Macquarie assumed coverage on shares of Peabody Energy Corporation in a research note on Thursday, September 7th. They issued a “neutral” rating and a $30.00 price objective on the stock. MKM Partners reiterated a “buy” rating on shares of Peabody Energy Corporation in a research note on Tuesday, September 12th. FBR & Co set a $35.00 price objective on shares of Peabody Energy Corporation and gave the company a “buy” rating in a research note on Monday, September 11th. Finally, Zacks Investment Research upgraded shares of Peabody Energy Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.00.
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Shares of Peabody Energy Corporation (NYSE:BTU) traded down 1.17% on Friday, hitting $29.49. 660,089 shares of the stock traded hands. The firm’s market capitalization is $2.96 billion. The firm’s 50 day moving average is $29.17 and its 200 day moving average is $26.39. Peabody Energy Corporation has a 52 week low of $8.75 and a 52 week high of $32.50.
Peabody Energy Corporation (NYSE:BTU) last posted its quarterly earnings data on Tuesday, August 1st. The coal producer reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($1.07). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, analysts expect 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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