In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Peabody Energy Corp (NYSE:BTU) reported that Elliott International, L.p. has picked up 11,307,716 of common stock as of 2017-07-25.
The acquisition brings the aggregate amount owned by Elliott International, L.p. to a total of 11,307,716 representing a 9.9% in the company.
For those not familiar with the company, Peabody is the world’s largest private-sector coal 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 2.65 Billion based on 97.20 Million shares outstanding and a price at last close of $27.35 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-06-02, Elliott picked up 25,500 at a purchase price of $23.18.This brings their total holding to 14,412,018 as of the date of the filing.
On the sell side, the most recent transaction saw Discovery unload 4,337,504 shares at a sale price of $23.09. This brings their total holding to 8,707,776.
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. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.