683 Capital Management LLC trimmed its holdings in Peabody Energy Corporation (NYSE:BTU) by 30.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 269,400 shares of the coal producer’s stock after selling 116,960 shares during the quarter. Peabody Energy comprises approximately 0.8% of 683 Capital Management LLC’s portfolio, making the stock its 27th biggest position. 683 Capital Management LLC owned approximately 0.26% of Peabody Energy worth $7,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. South Dakota Investment Council acquired a new stake in shares of Peabody Energy in the second quarter valued at approximately $14,308,000. TIAA CREF Investment Management LLC acquired a new stake in shares of Peabody Energy in the second quarter valued at approximately $6,654,000. American Century Companies Inc. acquired a new stake in shares of Peabody Energy in the second quarter valued at approximately $724,000. York Capital Management Global Advisors LLC acquired a new stake in shares of Peabody Energy in the second quarter valued at approximately $5,863,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Peabody Energy in the second quarter valued at approximately $3,527,000. 95.17% of the stock is owned by hedge funds and other institutional investors.

Shares of Peabody Energy Corporation (NYSE:BTU) traded down $0.31 during midday trading on Friday, hitting $35.51. The company had a trading volume of 1,043,100 shares, compared to its average volume of 1,211,194. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.75 and a quick ratio of 1.47. Peabody Energy Corporation has a 52-week low of $22.58 and a 52-week high of $36.58.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned ($7.53) earnings per share. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. sell-side analysts predict that Peabody Energy Corporation will post 9.62 earnings per share for the current fiscal year.

Several research firms have recently weighed in on BTU. FBR & Co increased their price objective on Peabody Energy from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Macquarie began coverage on Peabody Energy in a report on Thursday, September 7th. They issued a “neutral” rating and a $30.00 price objective for the company. Zacks Investment Research raised Peabody Energy from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Monday, December 4th. Stifel Nicolaus reissued a “hold” rating and issued a $32.00 price objective on shares of Peabody Energy in a report on Sunday, September 10th. Finally, ValuEngine downgraded Peabody Energy from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Peabody Energy has a consensus rating of “Buy” and an average target price of $36.56.

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About Peabody Energy

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.

Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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