Peabody Energy: 5 Funds Selling Shares in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Peabody Energy Corp. (NYSE:BTU).

SEC data indicate that these institutions significantly reduced their stock shares of Peabody Energy Corp. in Q3 2011:

  • RENAISSANCE GROUP LLC: On 06/30/2011, held 945,592 shares, worth $55,515,706. On 09/30/2011, held 0 shares.
  • COBALT CAPITAL MANAGEMENT INC: On 06/30/2011, held 605,200 shares, worth $35,531,292. On 09/30/2011, held 0 shares.
  • GLOBALBRIDGE, INC.: On 06/30/2011, held 426,369 shares, worth $25,032,124. On 09/30/2011, held 0 shares.
  • BLACK RIVER ASSET MANAGEMENT LLC: On 06/30/2011, held 402,400 shares, worth $23,624,904. On 09/30/2011, held 0 shares.
  • WENTWORTH HAUSER & VIOLICH: On 06/30/2011, held 297,635 shares, worth $17,474,151. On 09/30/2011, held 0 shares.

About the company: Peabody Energy Corporation mines and markets predominantly low sulfur coal, primarily for use by electric utilities. The Company also trades coal and emission allowances. Peabody owns and operates mines in Arizona, Colorado, New Mexico and Wyoming, Illinois, Indiana, and Australia. The Company also a minority interest in a Venezuelan mine through a joint venture.

Competitors to Watch: Arch Coal, Inc. (NYSE:ACI), CONSOL Energy Inc. (NYSE:CNX), Massey Energy Company (NYSE:MEE), Alpha Natural Resources, Inc. (NYSE:ANR), Patriot Coal Corporation (NYSE:PCX), Intl. Coal Group, Inc. (NYSE:ICO), Alliance Holdings GP, L.P. (NASDAQ:AHGP), Walter Energy, Inc. (NYSE:WLT), Oxford Resource Partners, LP (NYSE:OXF), and James River Coal Company (NASDAQ:JRCC).

(Note: Data regarding Peabody Energy Corp.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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