Mangrove Partners purchased a new position in shares of Peabody Energy Corporation (NYSE:BTU) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 707,801 shares of the coal producer’s stock, valued at approximately $17,306,000. Peabody Energy Corporation comprises about 3.5% of Mangrove Partners’ investment portfolio, making the stock its 11th biggest position. Mangrove Partners owned about 0.73% of Peabody Energy Corporation at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FNY Partners Fund LP acquired a new position in shares of Peabody Energy Corporation during the 2nd quarter worth approximately $146,000. BNP Paribas Arbitrage SA acquired a new position in shares of Peabody Energy Corporation during the 2nd quarter worth approximately $162,000. Pacific Heights Asset Management LLC acquired a new position in shares of Peabody Energy Corporation during the 2nd quarter worth approximately $295,000. Martingale Asset Management L P acquired a new position in shares of Peabody Energy Corporation during the 2nd quarter worth approximately $301,000. Finally, Legal & General Group Plc acquired a new position in shares of Peabody Energy Corporation during the 2nd quarter worth approximately $310,000. 97.98% of the stock is currently owned by hedge funds and other institutional investors.

In other Peabody Energy Corporation news, major shareholder Discovery Capital Management, sold 12,800,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $27.10, for a total value of $346,880,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.27% of the company’s stock.

Shares of Peabody Energy Corporation (NYSE:BTU) traded down 0.34% on Friday, reaching $29.01. The company’s stock had a trading volume of 1,355,464 shares. Peabody Energy Corporation has a 52-week low of $22.58 and a 52-week high of $32.50. The stock’s market cap is $2.91 billion. The firm’s 50 day moving average is $28.86 and its 200-day moving average is $26.05.

Peabody Energy Corporation (NYSE:BTU) last issued its quarterly earnings results on Tuesday, August 1st. The coal producer reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($1.07). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities research analysts forecast that Peabody Energy Corporation will post $6.28 EPS for the current year.

BTU has been the topic of several recent analyst reports. Clarkson Capital reaffirmed a “buy” rating on shares of Peabody Energy Corporation in a research report on Thursday, June 22nd. MKM Partners reaffirmed a “buy” rating on shares of Peabody Energy Corporation in a research report on Tuesday, September 12th. FBR & Co set a $35.00 price target on Peabody Energy Corporation and gave the stock a “buy” rating in a research report on Monday, September 11th. Stifel Nicolaus reissued a “hold” rating and set a $32.00 target price (up from $30.00) on shares of Peabody Energy Corporation in a report on Tuesday, August 8th. Finally, Zacks Investment Research raised Peabody Energy Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $33.38.

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About Peabody Energy Corporation

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 Corporation (NYSE:BTU)

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