Hudson Bay Capital Management LP Sells 306,776 Shares of Peabody Energy Corporation $BTU

Hudson Bay Capital Management LP trimmed its stake in Peabody Energy Corporation (NYSE:BTU) by 14.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,876,248 shares of the coal producer’s stock after selling 306,776 shares during the period. Hudson Bay Capital Management LP owned approximately 1.54% of Peabody Energy worth $25,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers purchased a new position in shares of Peabody Energy during the 1st quarter valued at about $323,000. US Bancorp DE grew its holdings in shares of Peabody Energy by 33.5% during the 1st quarter. US Bancorp DE now owns 5,726 shares of the coal producer’s stock valued at $78,000 after purchasing an additional 1,437 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Peabody Energy by 74.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,484 shares of the coal producer’s stock worth $74,000 after purchasing an additional 2,342 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Peabody Energy by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer’s stock worth $20,574,000 after purchasing an additional 118,307 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Peabody Energy by 29.8% during the first quarter. Deutsche Bank AG now owns 501,160 shares of the coal producer’s stock valued at $6,791,000 after buying an additional 115,172 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Peabody Energy Stock Performance

Shares of BTU opened at $29.10 on Friday. The company has a 50-day simple moving average of $29.21 and a two-hundred day simple moving average of $21.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.99 and a quick ratio of 1.49. The firm has a market capitalization of $3.54 billion, a PE ratio of -100.34 and a beta of 0.57. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $35.99.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.39). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $990.20 million. Peabody Energy had a negative return on equity of 0.25% and a negative net margin of 0.83%.The firm’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company posted $0.74 EPS. On average, analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current fiscal year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 13th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, November 13th. Peabody Energy’s payout ratio is -103.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a research note on Monday, December 8th. Zacks Research downgraded Peabody Energy from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. B. Riley lifted their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. UBS Group increased their price target on shares of Peabody Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Wall Street Zen downgraded shares of Peabody Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Peabody Energy has a consensus rating of “Hold” and a consensus price target of $27.40.

Peabody Energy 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.