Alamea Verwaltungs GmbH Purchases New Holdings in Core Natural Resources, Inc. $CNR

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake in Core Natural Resources, Inc. for approximately $379,000 by purchasing 4,921 shares, as disclosed in their recent 13F filing.
• Core Natural Resources reported (-$0.70 EPS), significantly missing analyst estimates of $1.31, despite revenue of $1.10 billion for the quarter.
• The company announced a dividend of $0.10 per share to be paid on September 15, with an ex-dividend date of August 29, representing a yield of 56.0%.

Alamea Verwaltungs GmbH acquired a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,921 shares of the energy company's stock, valued at approximately $379,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new stake in Core Natural Resources in the first quarter valued at about $482,793,000. Dimensional Fund Advisors LP acquired a new position in Core Natural Resources in the first quarter valued at about $225,045,000. American Century Companies Inc. acquired a new position in Core Natural Resources in the first quarter valued at about $123,526,000. Charles Schwab Investment Management Inc. acquired a new position in Core Natural Resources in the first quarter valued at about $48,630,000. Finally, Victory Capital Management Inc. acquired a new position in Core Natural Resources in the first quarter valued at about $42,950,000. Institutional investors own 86.54% of the company's stock.

Core Natural Resources Stock Down 0.6%

Shares of CNR stock traded down $0.44 on Thursday, hitting $70.84. 514,437 shares of the stock were exchanged, compared to its average volume of 947,233. The business has a 50-day moving average of $73.71 and a 200 day moving average of $72.86. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $134.59. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.65 billion, a P/E ratio of 32.50 and a beta of 0.76.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly 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). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Equities analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a yield of 56.0%. Core Natural Resources's dividend payout ratio is 18.35%.

Analyst Ratings Changes

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