New York State Teachers Retirement System bought a new stake in Peabody Energy Corporation (NYSE:BTU) during the third quarter, according to its most recent filing with the SEC. The firm bought 4,300 shares of the coal producer’s stock, valued at approximately $125,000.
Other large investors have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new stake in Peabody Energy Corporation in the 2nd quarter worth $105,000. FNY Partners Fund LP acquired a new stake in Peabody Energy Corporation in the 2nd quarter worth $146,000. BNP Paribas Arbitrage SA acquired a new stake in Peabody Energy Corporation in the 2nd quarter worth $162,000. Pacific Heights Asset Management LLC acquired a new stake in Peabody Energy Corporation in the 2nd quarter worth $295,000. Finally, Martingale Asset Management L P acquired a new stake in Peabody Energy Corporation in the 2nd quarter worth $301,000. Institutional investors and hedge funds own 95.23% of the company’s stock.
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Peabody Energy Corporation (NYSE:BTU) last announced its earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.14. Peabody Energy Corporation had a net margin of 4.60% and a return on equity of 19.92%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted ($7.53) earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. analysts expect that Peabody Energy Corporation will post 9.62 EPS for the current fiscal year.
In other Peabody Energy Corporation news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $27.10, for a total value of $346,880,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders acquired 72,000 shares of company stock valued at $10,845. Insiders own 1.27% of the company’s stock.
BTU has been the subject of a number of analyst reports. MKM Partners reaffirmed a “buy” rating on shares of Peabody Energy Corporation in a report on Tuesday, September 12th. FBR & Co set a $35.00 price objective on shares of Peabody Energy Corporation and gave the stock a “buy” rating in a report on Monday, September 11th. Zacks Investment Research raised shares of Peabody Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $32.00 price objective on shares of Peabody Energy Corporation in a report on Sunday, September 10th. Finally, Macquarie initiated coverage on shares of Peabody Energy Corporation in a report on Thursday, September 7th. They set a “neutral” rating and a $30.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $35.44.
About Peabody Energy Corporation
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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