Hosking Partners LLP Invests $8.48 Million in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• Hosking Partners LLP acquired 109,963 shares of Core Natural Resources, Inc. (NYSE:CNR) valued at approximately $8.48 million, representing 0.21% ownership as of their latest SEC filing.
• Several large investors, including Vanguard Group and Charles Schwab Investment Management, have recently purchased new stakes in Core Natural Resources, increasing institutional ownership to 86.54%.
• Analysts are bullish on CNR, with a consensus rating of "Moderate Buy" and an average price target of $105.80, although recent earnings missed expectations significantly.

Hosking Partners LLP acquired a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 109,963 shares of the energy company's stock, valued at approximately $8,478,000. Hosking Partners LLP owned about 0.21% of Core Natural Resources as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CNR. Versant Capital Management Inc acquired a new stake in shares of Core Natural Resources during the first quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of Core Natural Resources during the first quarter valued at $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources during the first quarter valued at $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Core Natural Resources during the first quarter valued at $31,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources during the first quarter valued at $33,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Core Natural Resources Trading Down 2.7%

Shares of Core Natural Resources stock traded down $2.06 during trading hours on Wednesday, reaching $74.64. The stock had a trading volume of 438,573 shares, compared to its average volume of 970,716. The firm has a 50 day simple moving average of $73.03 and a two-hundred day simple moving average of $76.91. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 34.24 and a beta of 0.66. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing the consensus estimate of $1.31 by ($2.01). The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. As a group, equities research analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 57.0%. Core Natural Resources's payout ratio is currently 18.35%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNR. Benchmark decreased their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. B. Riley decreased their price target on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. UBS Group reissued a "buy" rating and issued a $86.00 price target (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $78.00 price target (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Core Natural Resources presently has a consensus rating of "Moderate Buy" and an average price target of $105.80.

About Core Natural Resources

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users.