Rheos Capital Works Inc. Reduces Holdings in Peabody Energy Co. (NYSE:BTU)

Rheos Capital Works Inc. decreased its position in shares of Peabody Energy Co. (NYSE:BTU) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 399,500 shares of the coal producer’s stock after selling 180,000 shares during the period. Rheos Capital Works Inc.’s holdings in Peabody Energy were worth $8,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Peabody Energy by 6.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 74,829 shares of the coal producer’s stock valued at $1,655,000 after acquiring an additional 4,394 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Peabody Energy by 7.6% during the second quarter. Mackenzie Financial Corp now owns 10,023 shares of the coal producer’s stock worth $222,000 after purchasing an additional 709 shares during the period. Algert Global LLC bought a new position in shares of Peabody Energy in the 2nd quarter worth about $272,000. Sanctuary Advisors LLC acquired a new position in shares of Peabody Energy in the 2nd quarter valued at about $768,000. Finally, SG Americas Securities LLC grew its position in shares of Peabody Energy by 163.1% during the 3rd quarter. SG Americas Securities LLC now owns 15,363 shares of the coal producer’s stock valued at $408,000 after buying an additional 9,523 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BMO Capital Markets raised Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, December 16th. Jefferies Financial Group dropped their target price on Peabody Energy from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Benchmark boosted their price target on shares of Peabody Energy from $28.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Peabody Energy Stock Down 1.1 %

BTU opened at $18.16 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.32 and a quick ratio of 1.75. Peabody Energy Co. has a 12 month low of $17.73 and a 12 month high of $29.94. The stock’s 50 day moving average price is $20.73 and its 200 day moving average price is $23.00. The stock has a market cap of $2.21 billion, a P/E ratio of 4.80 and a beta of 0.95.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.16. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, research analysts predict that Peabody Energy Co. will post 2.89 earnings per share for the current year.

Insider Transactions at Peabody Energy

In other news, CFO Mark Spurbeck sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the chief financial officer now directly owns 65,710 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.40% of the company’s stock.

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.