Peabody Energy Target of Unusually Large Options Trading (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) saw some unusual options trading activity on Monday. Investors purchased 49,551 call options on the stock. This is an increase of 1,650% compared to the typical daily volume of 2,831 call options.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JS Capital Management LLC bought a new stake in Peabody Energy during the 1st quarter worth approximately $361,000. PDT Partners LLC acquired a new position in shares of Peabody Energy in the 1st quarter worth approximately $31,000. Progeny 3 Inc. acquired a new position in shares of Peabody Energy in the 1st quarter worth approximately $464,000. AQR Capital Management LLC acquired a new position in shares of Peabody Energy in the 1st quarter worth approximately $54,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Peabody Energy in the 1st quarter worth approximately $116,000. 93.72% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on BTU. Zacks Investment Research raised shares of Peabody Energy from a “sell” rating to a “hold” rating in a report on Wednesday, May 5th. B. Riley lifted their price target on shares of Peabody Energy from $1.45 to $3.50 and gave the company a “neutral” rating in a report on Monday, February 8th.

BTU opened at $8.60 on Tuesday. Peabody Energy has a fifty-two week low of $0.80 and a fifty-two week high of $8.70. The firm has a market capitalization of $845.38 million, a price-to-earnings ratio of -0.41 and a beta of 1.68. The company’s 50 day moving average price is $4.15 and its two-hundred day moving average price is $3.15.

Peabody Energy (NYSE:BTU) last posted its earnings results on Thursday, April 29th. The coal producer reported ($0.79) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.48) by $0.69. Peabody Energy had a negative net margin of 62.27% and a negative return on equity of 19.80%. The firm had revenue of $651.30 million for the quarter, compared to analyst estimates of $667.25 million. During the same period in the previous year, the firm posted ($1.31) EPS. The company’s revenue for the quarter was down 23.0% compared to the same quarter last year. As a group, research analysts expect that Peabody Energy will post -3.69 EPS for the current fiscal year.

Peabody Energy Company Profile

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, China, India, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining segments.

Further Reading: Rule of 72

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.