Mobileye NV (MBLY), Peabody Energy Corporation (BTU), and American Midstream Partners LP (AMID) Are Today’s Danger Zoned Stocks

So far this year it is down by nearly 77%. A total of 27 hedge funds had investments worth $142.06 million in Peabody Energy Corporation (NYSE:BTU) at the end of June as compared to 19 firms with $225.96 million at the start of the quarter. Dimitry Balyasnys Balyasny Asset Management is the largest stockholder of the company within our database even though it cut its stake in Peabody Energy Corporation (NYSE:BTU) by 33% during the second trimester to 18.4 million shares valued at $40.30 million. On his heels is David Iben‘s Kopernik Global Investors, which holds 14.15 million shares valued at $30.99 million after a 53% hike in the holding during the June quarter.

American Midstream Partners LP (NYSE:AMID) recently announced that it has priced a new public offering of 7.5 million common units $11.31 per common unit. In a press release the company stated that the proceeds are supposed to partially fund the purchase of an equity interest in Delaware limited liability company that is going to indirectly own a portion of the Delta House floating production system and related pipeline infrastructure. In case the deal doesn’t materialize the proceeds will be used to retire some of the company’s debt. American Midstream Partners LP (NYSE:AMID)’s largest stockholder among the company’s stockholders that we track, is Michael Price‘s MFP Partners owning 56,600 shares valued at $910,000.

Disclosure: None