18,672 Shares in Core Natural Resources, Inc. (NYSE:CNR) Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,672 shares of the energy company's stock, valued at approximately $1,439,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in Core Natural Resources in the 1st quarter worth approximately $20,894,000. Amalgamated Bank purchased a new position in shares of Core Natural Resources during the first quarter valued at approximately $1,120,000. Yousif Capital Management LLC purchased a new position in shares of Core Natural Resources during the first quarter valued at approximately $1,419,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Core Natural Resources during the first quarter valued at approximately $11,600,000. Finally, State of Alaska Department of Revenue purchased a new stake in Core Natural Resources in the first quarter worth $2,167,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Analyst Upgrades and Downgrades

CNR has been the topic of several recent research reports. Benchmark reduced 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 cut their target price on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, UBS Group cut their target price on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $118.60.

Core Natural Resources Price Performance

Shares of NYSE:CNR traded down $2.75 during trading on Friday, hitting $78.00. 726,724 shares of the company's stock were exchanged, compared to its average volume of 882,270. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59. The business's 50-day simple moving average is $71.69 and its 200 day simple moving average is $82.72. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 16.12 and a beta of 0.68.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of $1.74 by ($3.12). The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. As a group, equities analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.10 dividend. This represents a dividend yield of 0.57%. The ex-dividend date was Friday, May 30th. Core Natural Resources's payout ratio is 8.26%.

Core Natural Resources Profile

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.