Point State Capital is Buying Peabody Energy Corp (NYSE:BTU) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Peabody Energy Corp (NYSE:BTU) reported that Point State Capital has picked up 4,621,113 of common stock as of 2017-04-13.

The acquisition brings the aggregate amount owned by Point State Capital to a total of 4,621,113 representing a 5.0% stake in the company.

For those not familiar with the company, Peabody is the world’s largest private-sector coal company and a Fortune 500 company. The company is also a leading voice in advocating for sustainable mining, energy access and clean coal technologies. Peabody serves metallurgical and thermal coal customers in more than 25 countries on five continents.

A glance at Peabody Energy Corp (NYSE:BTU)’s key stats reveals a current market capitalization of 2.44 Billion based on 18.49 Million shares outstanding and a price at last close of $23.82 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-04-06, Elliott picked up 124,440 at a purchase price of $27.50. This brings their total holding to 8,555,551 as of the date of the filing.

On the sell side, the most recent transaction saw Discovery unload 220 shares at a sale price of $27.25. This brings their total holding to 13,045,282.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Peabody Energy Corp (NYSE:BTU) as things move forward to see if its progress aligns with these transactions.

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Author: Richard Schwarz

Richard Schwarz is a veteran analyst in the small cap space, with a particular focus on the development stage biotech sector. He is a native of Canada, and attended NYU before working for a host of big name pharma outfits.

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