Hourglass Capital LLC Buys New Shares in Core Natural Resources, Inc. (NYSE:CNR)

Hourglass Capital LLC acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 87,085 shares of the energy company's stock, valued at approximately $6,714,000. Core Natural Resources comprises about 1.8% of Hourglass Capital LLC's investment portfolio, making the stock its 22nd largest position. Hourglass Capital LLC owned approximately 0.16% of Core Natural Resources as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CNR. Versant Capital Management Inc purchased a new position in Core Natural Resources during the 1st quarter worth $25,000. EverSource Wealth Advisors LLC acquired a new position in Core Natural Resources during the fourth quarter worth about $26,000. Farther Finance Advisors LLC acquired a new position in Core Natural Resources during the first quarter worth about $30,000. Whipplewood Advisors LLC acquired a new position in Core Natural Resources during the first quarter worth about $31,000. Finally, Smartleaf Asset Management LLC raised its position in Core Natural Resources by 82.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock worth $31,000 after acquiring an additional 100 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. UBS Group cut their target price on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Benchmark cut their target price on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, B. Riley cut their price objective on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $120.40.

Core Natural Resources Trading Down 2.0%

Shares of NYSE:CNR traded down $1.40 during trading on Tuesday, reaching $69.35. The stock had a trading volume of 677,312 shares, compared to its average volume of 1,006,495. The business has a fifty day moving average price of $70.81 and a 200-day moving average price of $87.75. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.65 billion, a P/E ratio of 14.33 and a beta of 0.68. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $134.59.

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

Core Natural Resources Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 0.57%. 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.