Hedge Funds Are Holding Peabody Energy Corporation (BTU)

Page 1 of 2

Peabody Energy Corporation (NYSE:BTU) has experienced stagnant hedge fund interest in recent months.

Peabody Energy Corporation (NYSE:BTU)In today’s marketplace, there are plenty of indicators investors can use to track their holdings. A pair of the best are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the elite hedge fund managers can outperform the market by a healthy amount (see just how much).

Equally as key, positive insider trading activity is another way to parse down the stock market universe. There are a variety of stimuli for a corporate insider to cut shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Several academic studies have demonstrated the market-beating potential of this method if you know where to look (learn more here).

Now, let’s take a peek at the recent action encompassing Peabody Energy Corporation (NYSE:BTU).

Hedge fund activity in Peabody Energy Corporation (NYSE:BTU)

At the end of the first quarter, a total of 35 of the hedge funds we track were bullish in this stock, a change of 0% from one quarter earlier. With hedge funds’ sentiment swirling, there exists an “upper tier” of key hedge fund managers who were boosting their stakes substantially.

According to our comprehensive database, Perry Capital, managed by Richard Perry, holds the most valuable position in Peabody Energy Corporation (NYSE:BTU). Perry Capital has a $66.9 million position in the stock, comprising 2.1% of its 13F portfolio. The second largest stake is held by Dmitry Balyasny of Balyasny Asset Management, with a $50.3 million position; the fund has 0.8% of its 13F portfolio invested in the stock. Remaining peers with similar optimism include Philippe Jabre’s Jabre Capital Partners, Bruce J. Richards and Louis Hanover’s Marathon Asset Management and Jim Simons’s Renaissance Technologies.

Due to the fact that Peabody Energy Corporation (NYSE:BTU) has faced stagnant interest from the entirety of the hedge funds we track, logic holds that there also lies a certain “tier” of money managers who sold off their full holdings in Q1. At the top of the heap, Anand Parekh’s Alyeska Investment Group sold off the largest investment of the “upper crust” of funds we monitor, valued at about $15.3 million in stock.. George Soros’s fund, Soros Fund Management, also dumped its stock, about $13.3 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest stayed the same (this is a bearish signal in our experience).

How have insiders been trading Peabody Energy Corporation (NYSE:BTU)?

Insider trading activity, especially when it’s bullish, is particularly usable when the company in focus has seen transactions within the past 180 days. Over the latest six-month time period, Peabody Energy Corporation (NYSE:BTU) has seen zero unique insiders buying, and 1 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to Peabody Energy Corporation (NYSE:BTU). These stocks are Cameco Corporation (USA) (NYSE:CCJ), CONSOL Energy Inc. (NYSE:CNX), and Turquoise Hill Resources Ltd (NYSE:TRQ). All of these stocks are in the 0 industry and their market caps are closest to BTU’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!