Baird Financial Group Inc. Grows Position in Core Natural Resources, Inc. $CNR

Key Points

• Baird Financial Group increased its Core Natural Resources stake by 4.4% in the second quarter, bringing its holdings to 261,052 shares valued at approximately $20.9 million. Institutional investors collectively own 86.54% of the company.
• Analyst sentiment remains positive overall, with Core Natural Resources carrying a “Moderate Buy” consensus rating and a $115 average price target, despite UBS downgrading the stock to “Neutral.”
• Core Natural Resources reported quarterly EPS of $2.51, far exceeding the $0.60 consensus estimate, on revenue of $1.14 billion. The company also declared a quarterly dividend of $0.10 per share, representing a 0.4% annualized yield.

Baird Financial Group Inc. raised its holdings in Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,052 shares of the energy company's stock after purchasing an additional 10,911 shares during the period. Baird Financial Group Inc. owned 0.53% of Core Natural Resources worth $20,889,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Core Natural Resources by 36.0% during the 2nd quarter. Allworth Financial LP now owns 1,466 shares of the energy company's stock valued at $117,000 after buying an additional 388 shares in the last quarter. Corient Private Wealth LP grew its stake in Core Natural Resources by 14.3% in the 2nd quarter. Corient Private Wealth LP now owns 6,227 shares of the energy company's stock valued at $498,000 after buying an additional 780 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Core Natural Resources during the 2nd quarter valued at $344,000. BTG Pactual Asset Management US LLC raised its holdings in Core Natural Resources by 38.0% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 13,700 shares of the energy company's stock valued at $1,096,000 after acquiring an additional 3,773 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Core Natural Resources during the second quarter worth $104,000. Institutional investors own 86.54% of the company's stock.

Analyst Ratings Changes

CNR has been the subject of a number of analyst reports. Zacks Research raised Core Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. UBS Group cut Core Natural Resources from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $101.00 to $105.00 in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded Core Natural Resources from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.00.

Core Natural Resources Trading Down 1.0%

Core Natural Resources stock opened at $97.54 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.83. Core Natural Resources, Inc. has a fifty-two week low of $71.89 and a fifty-two week high of $114.80. The stock has a market cap of $4.84 billion, a P/E ratio of 49.02 and a beta of 0.17. The firm's fifty day moving average price is $90.21 and its 200-day moving average price is $90.64.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $1.91. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a return on equity of 0.03% and a net margin of 2.34%. Equities research analysts forecast that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Monday, August 31st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, August 31st. Core Natural Resources's dividend payout ratio is 20.10%.

About Core Natural Resources

Core Natural Resources, Inc NYSE: CNR is a U.S.-based coal producer formed through the combination of CONSOL Energy Inc and Arch Resources, Inc, completed in 2025. The company supplies coal used in steelmaking and electricity generation.

Core Natural Resources produces metallurgical coal, which is used in the manufacture of steel, and thermal coal, which is used primarily for power generation. Its operations include mining complexes in the Appalachian region and the Powder River Basin, giving the company exposure to multiple U.S.

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