Quantbot Technologies LP Has $2.14 Million Stake in Peabody Energy Co. (NYSE:BTU)

Quantbot Technologies LP lowered its position in Peabody Energy Co. (NYSE:BTU) by 39.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,633 shares of the coal producer’s stock after selling 52,435 shares during the period. Quantbot Technologies LP owned 0.07% of Peabody Energy worth $2,140,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BTU. Pacer Advisors Inc. grew its position in Peabody Energy by 265,937.3% in the third quarter. Pacer Advisors Inc. now owns 8,023,686 shares of the coal producer’s stock worth $212,949,000 after acquiring an additional 8,020,670 shares in the last quarter. Boston Partners boosted its holdings in Peabody Energy by 9.2% in the first quarter. Boston Partners now owns 7,348,251 shares of the coal producer’s stock worth $178,118,000 after purchasing an additional 618,395 shares in the last quarter. American Century Companies Inc. increased its position in Peabody Energy by 20.2% during the second quarter. American Century Companies Inc. now owns 3,165,258 shares of the coal producer’s stock worth $70,016,000 after buying an additional 531,440 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Peabody Energy by 14.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,388,681 shares of the coal producer’s stock valued at $36,856,000 after buying an additional 171,272 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Peabody Energy by 167.4% in the third quarter. The Manufacturers Life Insurance Company now owns 200,073 shares of the coal producer’s stock worth $5,310,000 after buying an additional 125,244 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Activity

In related news, CFO Mark Spurbeck sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the transaction, the chief financial officer now directly owns 65,710 shares in the company, valued at $1,939,759.20. The trade was a 13.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. B. Riley raised their price objective on Peabody Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 17th. Benchmark lifted their price target on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on shares of Peabody Energy from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th.

Peabody Energy Price Performance

Shares of NYSE:BTU opened at $24.25 on Friday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 6.42 and a beta of 0.98. The business has a 50 day moving average price of $26.02 and a 200 day moving average price of $23.87. The company has a quick ratio of 1.75, a current ratio of 2.32 and a debt-to-equity ratio of 0.09. Peabody Energy Co. has a twelve month low of $20.21 and a twelve month high of $29.94.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Thursday, October 31st. The coal producer reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. Peabody Energy had a return on equity of 14.74% and a net margin of 12.24%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. Research analysts predict that Peabody Energy Co. will post 3.15 earnings per share for the current year.

Peabody Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.24%. Peabody Energy’s payout ratio is 7.94%.

About Peabody Energy

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.