Cambria Investment Management L.P. Has $17.95 Million Holdings in Peabody Energy Corporation $BTU

Cambria Investment Management L.P. lowered its holdings in Peabody Energy Corporation (NYSE:BTU) by 6.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 676,734 shares of the coal producer’s stock after selling 46,903 shares during the period. Peabody Energy accounts for 1.0% of Cambria Investment Management L.P.’s portfolio, making the stock its 5th largest position. Cambria Investment Management L.P.’s holdings in Peabody Energy were worth $17,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Sourcerock Group LLC acquired a new position in shares of Peabody Energy during the second quarter worth approximately $28,092,000. State Street Corp grew its stake in shares of Peabody Energy by 19.3% in the second quarter. State Street Corp now owns 9,208,031 shares of the coal producer’s stock worth $123,572,000 after acquiring an additional 1,487,531 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Peabody Energy in the second quarter worth $9,039,000. Gate City Capital Management LLC bought a new position in Peabody Energy during the second quarter worth $8,645,000. Finally, RPG Investment Advisory LLC bought a new position in Peabody Energy during the second quarter worth $8,243,000. 87.44% of the stock is owned by institutional investors.

Peabody Energy Stock Up 0.8%

Shares of BTU stock opened at $35.35 on Wednesday. Peabody Energy Corporation has a one year low of $9.61 and a one year high of $39.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.40. The stock has a fifty day moving average price of $34.79 and a 200 day moving average price of $30.03. The stock has a market cap of $4.30 billion, a P/E ratio of -78.55 and a beta of 0.54.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Thursday, February 5th. The coal producer reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Peabody Energy had a negative net margin of 1.37% and a negative return on equity of 0.93%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the firm earned $0.25 EPS. The company’s quarterly revenue was down 9.0% compared to the same quarter last year. Analysts predict that Peabody Energy Corporation will post 2.61 earnings per share for the current year.

Peabody Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Monday, February 23rd were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. Peabody Energy’s payout ratio is presently -66.67%.

Analyst Upgrades and Downgrades

BTU has been the subject of a number of research reports. B. Riley Financial increased their price target on shares of Peabody Energy from $38.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Weiss Ratings downgraded shares of Peabody Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. UBS Group upped their price objective on shares of Peabody Energy from $34.00 to $34.50 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Jefferies Financial Group increased their target price on shares of Peabody Energy from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised Peabody Energy from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Peabody Energy presently has a consensus rating of “Hold” and an average target price of $38.38.

Insider Activity

In related news, COO Darren Ronald Yeates sold 13,892 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $36.40, for a total value of $505,668.80. Following the completion of the transaction, the chief operating officer owned 113,440 shares of the company’s stock, valued at $4,129,216. This represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott T. Jarboe sold 2,151 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $34.26, for a total transaction of $73,693.26. Following the transaction, the chief accounting officer owned 82,306 shares of the company’s stock, valued at approximately $2,819,803.56. This represents a 2.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.41% of the company’s stock.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.