Peabody Energy Corporation (BTU) Major Shareholder Associates L.P. Elliott Buys 149,017 Shares of Stock

Peabody Energy Corporation (NYSE:BTU) major shareholder Associates L.P. Elliott bought 149,017 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average cost of $24.94 per share, with a total value of $3,716,483.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Associates L.P. Elliott also recently made the following trade(s):

  • On Friday, June 2nd, Associates L.P. Elliott bought 24,045 shares of Peabody Energy Corporation stock. The shares were acquired at an average cost of $23.49 per share, with a total value of $564,817.05.
  • On Thursday, May 25th, Associates L.P. Elliott bought 9,428 shares of Peabody Energy Corporation stock. The shares were acquired at an average cost of $23.40 per share, with a total value of $220,615.20.
  • On Wednesday, May 10th, Associates L.P. Elliott purchased 140,929 shares of Peabody Energy Corporation stock. The shares were purchased at an average price of $24.33 per share, for a total transaction of $3,428,802.57.
  • On Friday, May 5th, Associates L.P. Elliott purchased 1,336,205 shares of Peabody Energy Corporation stock. The shares were purchased at an average price of $24.04 per share, for a total transaction of $32,122,368.20.
  • On Tuesday, May 2nd, Associates L.P. Elliott purchased 139,905 shares of Peabody Energy Corporation stock. The shares were purchased at an average price of $25.90 per share, for a total transaction of $3,623,539.50.
  • On Monday, April 24th, Associates L.P. Elliott purchased 67,680 shares of Peabody Energy Corporation stock. The shares were purchased at an average price of $25.46 per share, for a total transaction of $1,723,132.80.
  • On Wednesday, April 19th, Associates L.P. Elliott purchased 262,071 shares of Peabody Energy Corporation stock. The shares were purchased at an average price of $24.30 per share, for a total transaction of $6,368,325.30.
  • On Thursday, April 6th, Associates L.P. Elliott purchased 173,760 shares of Peabody Energy Corporation stock. The shares were purchased at an average price of $27.82 per share, for a total transaction of $4,834,003.20.

Peabody Energy Corporation (NYSE BTU) traded down 2.66% on Friday, reaching $23.46. 9,049,883 shares of the company’s stock traded hands. The firm’s market cap is $2.28 billion. Peabody Energy Corporation has a 52-week low of $22.59 and a 52-week high of $32.50. The stock’s 50 day moving average is $24.38 and its 200 day moving average is $25.06.

Peabody Energy Corporation (NYSE:BTU) last announced its quarterly earnings results on Thursday, May 4th. The coal producer reported $6.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.97 by $4.83. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm posted ($8.85) EPS. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. On average, equities research analysts predict that Peabody Energy Corporation will post $6.27 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Peabody Energy Corporation (NYSE:BTU)

ILLEGAL ACTIVITY NOTICE: “Peabody Energy Corporation (BTU) Major Shareholder Associates L.P. Elliott Buys 149,017 Shares of Stock” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/06/16/associates-l-p-elliott-acquires-149017-shares-of-peabody-energy-co-btu-stock-updated-updated-updated.html.

BTU has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “hold” rating and set a $29.00 price target on shares of Peabody Energy Corporation in a report on Wednesday, April 19th. Clarkson Capital restated a “buy” rating and set a $44.00 price target on shares of Peabody Energy Corporation in a report on Sunday, April 2nd. MKM Partners initiated coverage on shares of Peabody Energy Corporation in a report on Thursday, April 27th. They set a “buy” rating and a $53.00 price target on the stock. FBR & Co restated an “outperform” rating and set a $34.00 price target (up previously from $33.00) on shares of Peabody Energy Corporation in a report on Tuesday, April 18th. Finally, Seaport Global Securities started coverage on shares of Peabody Energy Corporation in a research note on Friday, April 7th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.14.

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.

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

Latest News

Leave a Reply