Peabody Energy Co. (NYSE:BTU – Get Rating) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 16,510,000 shares, an increase of 11.9% from the September 15th total of 14,760,000 shares. Based on an average daily volume of 5,560,000 shares, the days-to-cover ratio is currently 3.0 days.
Institutional Investors Weigh In On Peabody Energy
Several large investors have recently modified their holdings of the stock. CI Investments Inc. purchased a new stake in shares of Peabody Energy in the first quarter valued at $990,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Peabody Energy in the first quarter valued at $642,000. Plustick Management LLC purchased a new stake in shares of Peabody Energy in the first quarter valued at $7,972,000. Assenagon Asset Management S.A. lifted its holdings in shares of Peabody Energy by 167.0% in the first quarter. Assenagon Asset Management S.A. now owns 541,461 shares of the coal producer’s stock valued at $13,282,000 after purchasing an additional 338,695 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of Peabody Energy by 300.5% in the fourth quarter. Walleye Capital LLC now owns 47,655 shares of the coal producer’s stock valued at $480,000 after purchasing an additional 35,755 shares in the last quarter. 81.21% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, B. Riley increased their price target on Peabody Energy from $28.00 to $31.00 in a research note on Tuesday, October 11th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Peabody Energy has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.
Peabody Energy Stock Performance
BTU opened at $25.86 on Monday. The firm has a market cap of $3.72 billion, a PE ratio of 4.96 and a beta of 0.98. The company has a quick ratio of 2.02, a current ratio of 2.28 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $24.25 and a 200-day simple moving average of $23.77. Peabody Energy has a fifty-two week low of $8.58 and a fifty-two week high of $33.29.
Peabody Energy (NYSE:BTU – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The coal producer reported $2.67 earnings per share for the quarter, missing the consensus estimate of $3.05 by ($0.38). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. Peabody Energy had a return on equity of 60.85% and a net margin of 19.18%. The business’s revenue was up 82.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.35) earnings per share. As a group, equities analysts predict that Peabody Energy will post 6.91 EPS for the current fiscal year.
Peabody Energy Company Profile
Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, 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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