Peabody Energy Corp (BTUUQ) Stock: Mangrove Partners Reports New Position, Seeks Formation of Official Equity Committee

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Peabody Energy Corp (OTCMKTS:BTUUQ) has a new investor according to a recent 13D filing with the SEC. Nathaniel August‘s Mangrove Partners found the company’s shares undervalued and decided to purchase 971,058 of them, creating a stake in the company that accounts for 5.2% of the float. On June 30, the fund held no shares in Peabody Energy. The new filing also revealed that Mangrove Partners is in the process of hiring financial advisers to help it pursue the formation of an official equity committee and with the intent of maintaining and building on the substantial value that the fund sees in the company’s shares. The fund also plans to talk with other shareholders concerning those issues.

Peabody Energy Corp (OTCMKTS:BTUUQ) is a large coal mining company, whose stock has gained 2.47% since the beginning of the year. The company was recently declared the most responsible mining company for the current year by Capital Finance International.

Nathaniel August - Mangrove Partners

None of the investors within Insider Monkey’s database were shareholders of Peabody Energy Corp (OTCMKTS:BTUUQ) at the end of June, after all eight funds which had positions in it at the end of March discarded those stakes after the company was delisted from the NYSE in early-April.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
The Mangrove Partners Master Fund, Ltd 0 971,058 0 971,058 971,058 5.2%
The Mangrove Partners Fund 0 971,058 0 971,058 971,058 5.2%
The Mangrove Partners Fund (Cayman), Ltd 0 971,058 0 971,058 971,058 5.2%
Mangrove Partners 0 971,058 0 971,058 971,058 5.2%
Mangrove Capital 0 971,058 0 971,058 971,058 5.2%
Nathaniel August 0 971,058 0 971,058 971,058 5.2%

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Page 1 of 14 – SEC Filing


(RULE 13D – 101)
(Amendment No. )*
Peabody Energy Corporation
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
(CUSIP Number)
Christopher P. Davis, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, New York, New York 10176
Tel:  (212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
October 19, 2016
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [  ].
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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