Cynosure Group LLC Takes $367,000 Position in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• Cynosure Group LLC has acquired a new stake in Core Natural Resources, Inc., purchasing 4,755 shares valued at approximately $367,000.
• Core Natural Resources recently reported earnings that missed consensus estimates, posting ($0.70) EPS compared to an expected $1.31.
• The company cut its dividend to $0.10, resulting in a yield of 57.0%, with a payout ratio of 18.35%.

Cynosure Group LLC bought a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,755 shares of the energy company's stock, valued at approximately $367,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNR. Versant Capital Management Inc purchased a new position in shares of Core Natural Resources during the 1st quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new position in shares of Core Natural Resources during the 1st quarter valued at about $29,000. Farther Finance Advisors LLC purchased a new position in shares of Core Natural Resources in the 1st quarter valued at about $30,000. Whipplewood Advisors LLC purchased a new position in shares of Core Natural Resources in the 1st quarter valued at about $31,000. Finally, TruNorth Capital Management LLC acquired a new stake in Core Natural Resources in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 86.54% of the company's stock.

Core Natural Resources Price Performance

Shares of CNR stock traded up $0.19 during trading hours on Thursday, reaching $74.95. The company had a trading volume of 615,380 shares, compared to its average volume of 851,766. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. The stock has a fifty day moving average of $73.35 and a 200-day moving average of $76.48. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 34.38 and a beta of 0.66. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. On average, equities analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.10 per share. This represents a yield of 57.0%. The ex-dividend date was Friday, May 30th. Core Natural Resources's dividend payout ratio is 18.35%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Jefferies Financial Group reissued a "hold" rating and set a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a report on Tuesday, August 5th. Benchmark reduced their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. B. Riley reduced their target price on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Finally, UBS Group reissued a "buy" rating and set a $86.00 target price (up previously from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $105.80.

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.