Gate City Capital Management LLC Invests $8.65 Million in Peabody Energy Corporation $BTU

Gate City Capital Management LLC purchased a new stake in shares of Peabody Energy Corporation (NYSE:BTU) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 644,211 shares of the coal producer’s stock, valued at approximately $8,645,000. Peabody Energy accounts for about 5.2% of Gate City Capital Management LLC’s portfolio, making the stock its 7th biggest position.

Several other institutional investors have also recently bought and sold shares of the stock. Cetera Investment Advisers bought a new position in Peabody Energy in the 1st quarter worth approximately $323,000. US Bancorp DE raised its position in shares of Peabody Energy by 33.5% during the first quarter. US Bancorp DE now owns 5,726 shares of the coal producer’s stock worth $78,000 after acquiring an additional 1,437 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Peabody Energy by 74.5% during the first quarter. PNC Financial Services Group Inc. now owns 5,484 shares of the coal producer’s stock valued at $74,000 after acquiring an additional 2,342 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Peabody Energy by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,518,351 shares of the coal producer’s stock valued at $20,574,000 after acquiring an additional 118,307 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Peabody Energy by 29.8% in the first quarter. Deutsche Bank AG now owns 501,160 shares of the coal producer’s stock valued at $6,791,000 after acquiring an additional 115,172 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on BTU shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Peabody Energy in a report on Monday. UBS Group boosted their price target on shares of Peabody Energy from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday. Zacks Research cut shares of Peabody Energy from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. B. Riley lifted their target price on shares of Peabody Energy from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Finally, Wall Street Zen downgraded Peabody Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Peabody Energy has an average rating of “Hold” and a consensus price target of $27.40.

Peabody Energy Stock Down 0.6%

Peabody Energy stock opened at $29.10 on Friday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -100.34 and a beta of 0.57. The company’s 50 day simple moving average is $29.21 and its 200 day simple moving average is $21.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.99 and a quick ratio of 1.49. Peabody Energy Corporation has a fifty-two week low of $9.61 and a fifty-two week high of $35.99.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, October 30th. The coal producer reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.39). The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $990.20 million. Peabody Energy had a negative return on equity of 0.25% and a negative net margin of 0.83%.The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.74 earnings per share. As a group, sell-side analysts anticipate that Peabody Energy Corporation will post 2.61 EPS for the current year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.30 annualized dividend and a yield of 1.0%. Peabody Energy’s payout ratio is currently -103.45%.

Peabody Energy Profile

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.