Progeny 3, Inc. recently announced the acquisition of new stake in Peabody Energy Corp. (NYSE:BTU). The institutional investor has increased its shareholding in the Energy company by 2.57% to 3.5 million shares with purchase of 87860.0 shares. This fresh investment now brings its stake to 2.67% valued currently at $85.12 million. In addition, Renaissance Technologies LLC raised its holdings by 0.92 million to 3.29 million shares. And Geode Capital Management LLC has lifted its position by 1.87% or 44434.0 shares – to 2.42 million shares.
Currently, there are 143.90M common shares owned by the public and among those 130.54M shares have been available to trade.
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Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 40 of these insider trades were purchases, accounting for 162,107 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 2,730,601 shares.
The top 3 mutual fund holders in Peabody Energy Corp. are Vanguard Total Stock Market ETF, SPDR S&P Metals & Mining ETF, and iShares Russell 2000 ETF. Vanguard Total Stock Market ETF owns 3.53 million shares of the company’s stock, all valued at over $85.75 million. The company bought an additional 3094.0 shares recently to bring their total holdings to about 2.69% of the shares outstanding. SPDR S&P Metals & Mining ETF bought 19824.0 shares to see its total holdings expand to 3.35 million shares valued at over $81.54 million and representing 2.56% of the shares outstanding. iShares Russell 2000 ETF sold 8334.0 shares to bring its total holdings to over 3.15 million shares at a value of $76.6 million. iShares Russell 2000 ETF now owns shares totaling to 2.40% of the shares outstanding.
However, the script later moved the day high at 26.37, down -1.84%. The company’s stock has a 5-day price change of 7.56% and 0.71% over the past three months. BTU shares are trading 5.26% year to date (YTD), with the 12-month market performance down to -6.74% lower. It has a 12-month low price of $17.71 and touched a high of $31.22 over the same period. BTU has an average intraday trading volume of 2.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.97%, 7.02%, and 11.40% respectively.
Institutional ownership of Peabody Energy Corp. (NYSE: BTU) shares accounts for 80.35% of the company’s 143.90M shares outstanding. Mutual fund holders own 34.62%, while other institutional holders and individual stakeholders account for 45.98% and 33.31% respectively.
It has a market capitalization of $3.36B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 3.39, while the earnings-per-share (ttm) stands at $7.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.77% over the week and 3.05% over the month.
Analysts forecast that Peabody Energy Corp. (BTU) will achieve an EPS of $1.4 for the current quarter, $1.23 for the next quarter and $3.81 for 2024. The lowest estimate earnings-per-share for the quarter is $1.34 while analysts give the company a high EPS estimate of $1.44. Comparatively, EPS for the current quarter was $3.92 a year ago. Earnings per share for the fiscal year are expected to decrease by -40.05%, and -23.26% over the next financial year.
Looking at the support for the BTU, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on June 07, 2022, with the firm’s price target at $25-$36.
