683 Capital Management LLC Sells 116,960 Shares of Peabody Energy Co. (NYSE:BTU)

683 Capital Management LLC decreased its holdings in shares of Peabody Energy Co. (NYSE:BTU) by 30.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 269,400 shares of the coal producer’s stock after selling 116,960 shares during the period. Peabody Energy makes up about 0.8% of 683 Capital Management LLC’s holdings, making the stock its 27th biggest position. 683 Capital Management LLC owned approximately 0.26% of Peabody Energy worth $7,815,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BTU. Discovery Capital Management LLC CT acquired a new position in Peabody Energy during the 2nd quarter worth approximately $535,982,000. Elliott Management Corp acquired a new position in Peabody Energy during the 2nd quarter worth approximately $518,196,000. PointState Capital LP acquired a new position in Peabody Energy during the 2nd quarter worth approximately $148,105,000. Vanguard Group Inc. acquired a new position in Peabody Energy during the 2nd quarter worth approximately $142,007,000. Finally, BlackRock Inc. acquired a new position in Peabody Energy during the 2nd quarter worth approximately $91,395,000. Institutional investors own 95.17% of the company’s stock.

Peabody Energy Co. (BTU) traded down $0.17 during mid-day trading on Friday, reaching $39.37. The company had a trading volume of 598,670 shares, compared to its average volume of 1,115,941. Peabody Energy Co. has a 12-month low of $22.58 and a 12-month high of $39.86. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.47 and a current ratio of 1.75.

Peabody Energy (NYSE:BTU) last posted its earnings results on Wednesday, October 25th. The coal producer reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14. Peabody Energy had a return on equity of 19.92% and a net margin of 4.60%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned ($7.53) EPS. Peabody Energy’s revenue was up 22.4% on a year-over-year basis. analysts expect that Peabody Energy Co. will post 9.62 earnings per share for the current year.

BTU has been the topic of several research analyst reports. Zacks Investment Research lowered Peabody Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. ValuEngine lowered Peabody Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Jefferies Group initiated coverage on Peabody Energy in a research note on Tuesday, November 14th. They set a “buy” rating and a $38.00 price target on the stock. MKM Partners reissued a “buy” rating on shares of Peabody Energy in a research note on Tuesday, September 12th. Finally, FBR & Co set a $35.00 price target on Peabody Energy and gave the stock a “buy” rating in a research note on Monday, September 11th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $37.11.

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Peabody Energy Profile

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.

Institutional Ownership by Quarter for Peabody Energy (NYSE:BTU)

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