Aquamarine Zurich AG Invests $625,000 in Core Natural Resources, Inc. (NYSE:CNR)

Aquamarine Zurich AG purchased 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 and Exchange Commission. The institutional investor purchased 8,100 shares of the energy company's stock, valued at approximately $625,000. Core Natural Resources comprises about 0.2% of Aquamarine Zurich AG's holdings, making the stock its 13th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its holdings in shares of Core Natural Resources by 1.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the energy company's stock valued at $1,243,000 after acquiring an additional 100 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Core Natural Resources by 82.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Core Natural Resources by 226.7% in the 4th quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after acquiring an additional 170 shares in the last quarter. KBC Group NV raised its holdings in shares of Core Natural Resources by 42.0% in the 4th quarter. KBC Group NV now owns 808 shares of the energy company's stock valued at $114,000 after acquiring an additional 239 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Core Natural Resources in the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Core Natural Resources Price Performance

Shares of Core Natural Resources stock traded up $1.22 during trading on Friday, hitting $67.22. 557,582 shares of the stock traded hands, compared to its average volume of 1,002,657. The company has a quick ratio of 1.16, a current ratio of 1.38 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 6.99 and a beta of 0.69. The firm's fifty day moving average is $71.50 and its 200-day moving average is $102.57. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) EPS 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 the consensus estimate of $964.15 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. Research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 0.57%. Core Natural Resources's payout ratio is 8.26%.

Insider Buying and Selling

In related news, Director Holly K. Koeppel sold 8,815 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $75.30, for a total transaction of $663,769.50. Following the transaction, the director now directly owns 13,348 shares in the company, valued at $1,005,104.40. This trade represents a 39.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CNR shares. B. Riley lowered their price target on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Benchmark lowered their price target on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.00.

Core Natural Resources Company 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.