95,744 Shares in Core Natural Resources, Inc. (NYSE:CNR) Bought by Calamos Advisors LLC

Calamos Advisors LLC acquired a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 95,744 shares of the energy company's stock, valued at approximately $7,382,000. Calamos Advisors LLC owned approximately 0.18% of Core Natural Resources as of its most recent filing with the Securities and Exchange Commission.

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

Core Natural Resources Price Performance

CNR stock traded down $0.01 during midday trading on Wednesday, reaching $69.46. The stock had a trading volume of 289,063 shares, compared to its average volume of 1,000,752. The company's fifty day simple moving average is $70.70 and its 200 day simple moving average is $87.62. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 14.35 and a beta of 0.68. 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 released its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of $1.74 by ($3.12). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. As a group, sell-side 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 firm also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.10 per share. This represents a yield of 0.57%. The ex-dividend date was Friday, May 30th. Core Natural Resources's dividend payout ratio is presently 8.26%.

Analyst Ratings Changes

A number of research firms have weighed in on CNR. B. Riley reduced 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 note on Friday, April 11th. Benchmark dropped 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. Finally, UBS Group lowered their price target on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently 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.