Calamos Advisors LLC Invests $7.38 Million in Core Natural Resources, Inc. (NYSE:CNR)

Calamos Advisors LLC 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 95,744 shares of the energy company's stock, valued at approximately $7,382,000. Calamos Advisors LLC owned about 0.18% of Core Natural Resources as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Core Natural Resources during the first quarter worth $20,729,000. Principal Financial Group Inc. purchased a new position in Core Natural Resources during the 1st quarter worth $20,894,000. Price T Rowe Associates Inc. MD acquired a new position in Core Natural Resources during the 4th quarter valued at about $28,790,000. Skylands Capital LLC acquired a new position in Core Natural Resources during the 1st quarter valued at about $18,653,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Core Natural Resources in the first quarter valued at about $11,600,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Stock Performance

Shares of CNR stock traded down $2.05 on Monday, hitting $70.73. The company had a trading volume of 862,835 shares, compared to its average volume of 949,521. The firm has a market cap of $3.72 billion, a P/E ratio of 10.59 and a beta of 0.68. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59. The company has a 50-day moving average price of $70.89 and a 200-day moving average price of $88.22. The company has a quick ratio of 1.34, a current ratio of 1.89 and a debt-to-equity ratio of 0.08.

Core Natural Resources (NYSE:CNR - Get Free Report) last released 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 company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $964.15 million. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. As a group, equities research analysts predict that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders 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%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CNR. Benchmark cut their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, May 9th. UBS Group dropped their target price on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, B. Riley decreased their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.40.

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.