Long Focus Capital Management LLC Purchases 165,000 Shares of Peabody Energy Co. (NYSE:BTU)

Long Focus Capital Management LLC raised its position in Peabody Energy Co. (NYSE:BTU – Free Report) by 32.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 675,058 shares of the coal producer’s stock after purchasing an additional 165,000 shares during the period. Peabody Energy accounts for 1.0% of Long Focus Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Long Focus Capital Management LLC owned about 0.47% of Peabody Energy worth $17,281,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Amalgamated Bank lifted its holdings in shares of Peabody Energy by 2.5% during the 4th quarter. Amalgamated Bank now owns 15,439 shares of the coal producer’s stock worth $408,000 after acquiring an additional 380 shares during the last quarter. Alliancebernstein L.P. raised its position in Peabody Energy by 0.3% in the 4th quarter. Alliancebernstein L.P. now owns 131,800 shares of the coal producer’s stock worth $3,482,000 after purchasing an additional 400 shares during the period. Great Lakes Advisors LLC raised its position in Peabody Energy by 4.1% in the 4th quarter. Great Lakes Advisors LLC now owns 14,203 shares of the coal producer’s stock worth $375,000 after purchasing an additional 564 shares during the period. Ronald Blue Trust Inc. raised its position in Peabody Energy by 41.7% in the 1st quarter. Ronald Blue Trust Inc. now owns 2,149 shares of the coal producer’s stock worth $57,000 after purchasing an additional 632 shares during the period. Finally, Harbour Investments Inc. raised its position in Peabody Energy by 323.1% in the 4th quarter. Harbour Investments Inc. now owns 1,100 shares of the coal producer’s stock worth $29,000 after purchasing an additional 840 shares during the period. 82.33% of the stock is owned by institutional investors.

Peabody Energy Price Performance

BTU stock opened at $22.59 on Wednesday. The firm’s 50-day moving average price is $21.95 and its two-hundred day moving average price is $22.61. Peabody Energy Co. has a 12-month low of $17.71 and a 12-month high of $32.89. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 2.49 and a beta of 1.08. The company has a current ratio of 2.17, a quick ratio of 1.82 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The coal producer reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.38). Peabody Energy had a net margin of 25.97% and a return on equity of 35.81%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $2.67 EPS. Peabody Energy’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts predict that Peabody Energy Co. will post 4.62 earnings per share for the current year.

Peabody Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Thursday, August 10th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, August 9th. Peabody Energy’s dividend payout ratio is currently 3.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. TheStreet upgraded shares of Peabody Energy from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. B. Riley decreased their price objective on shares of Peabody Energy from $27.00 to $25.00 in a research report on Friday, July 28th.

Check Out Our Latest Stock Analysis on BTU

About Peabody Energy

(Free Report)

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, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S.

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