Newbridge Financial Services Group Inc. Buys 4,200 Shares of Peabody Energy Co. (NYSE:BTU)

Newbridge Financial Services Group Inc. lifted its holdings in Peabody Energy Co. (NYSE:BTUGet Rating) by 20.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,392 shares of the coal producer’s stock after acquiring an additional 4,200 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Peabody Energy were worth $520,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BTU. State Street Corp grew its holdings in Peabody Energy by 73.1% in the fourth quarter. State Street Corp now owns 10,116,471 shares of the coal producer’s stock worth $101,873,000 after purchasing an additional 4,272,083 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Peabody Energy by 49.2% during the first quarter. Vanguard Group Inc. now owns 7,873,533 shares of the coal producer’s stock worth $193,137,000 after purchasing an additional 2,595,279 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Peabody Energy by 10.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,315,648 shares of the coal producer’s stock valued at $130,393,000 after acquiring an additional 489,699 shares in the last quarter. First Republic Investment Management Inc. grew its stake in Peabody Energy by 2,249.0% during the 1st quarter. First Republic Investment Management Inc. now owns 2,104,738 shares of the coal producer’s stock valued at $51,629,000 after acquiring an additional 2,015,138 shares in the last quarter. Finally, Progeny 3 Inc. boosted its holdings in Peabody Energy by 47.7% in the 1st quarter. Progeny 3 Inc. now owns 2,085,178 shares of the coal producer’s stock valued at $51,149,000 after purchasing an additional 672,945 shares during the last quarter. Institutional investors own 81.21% of the company’s stock.

Peabody Energy Stock Performance

Peabody Energy stock traded down $2.04 during trading hours on Friday, reaching $19.92. 378,675 shares of the company were exchanged, compared to its average volume of 5,317,185. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 4.21 and a beta of 1.03. The company has a current ratio of 2.28, a quick ratio of 2.02 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average of $22.83 and a 200 day moving average of $23.51. Peabody Energy Co. has a 12 month low of $8.58 and a 12 month high of $33.29.

Peabody Energy (NYSE:BTUGet Rating) last announced its earnings results on Thursday, July 28th. The coal producer reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.05 by ($0.38). Peabody Energy had a return on equity of 60.85% and a net margin of 19.18%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the company earned ($0.35) EPS. The firm’s revenue for the quarter was up 82.7% compared to the same quarter last year. As a group, research analysts anticipate that Peabody Energy Co. will post 7.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

BTU has been the topic of a number of research reports. B. Riley reduced their target price on shares of Peabody Energy from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, July 7th. Clarkson Capital reiterated a “neutral” rating on shares of Peabody Energy in a research note on Tuesday, June 14th. Finally, Jefferies Financial Group upgraded shares of Peabody Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $25.00 to $36.00 in a report on Tuesday, June 7th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.67.

Peabody Energy Company Profile

(Get Rating)

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.

Further Reading

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

Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.