GAMMA Investing LLC Acquires Shares of 96,915 Core Natural Resources, Inc. (NYSE:CNR)

GAMMA Investing LLC bought a new position in Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 96,915 shares of the energy company's stock, valued at approximately $7,472,000. GAMMA Investing LLC owned approximately 0.18% of Core Natural Resources at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNR. Price T Rowe Associates Inc. MD bought a new position in shares of Core Natural Resources in the fourth quarter worth approximately $28,790,000. Principal Financial Group Inc. boosted its holdings in Core Natural Resources by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock worth $12,398,000 after buying an additional 2,581 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Core Natural Resources by 40.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company's stock worth $12,555,000 after buying an additional 25,306 shares in the last quarter. Hosking Partners LLP raised its holdings in Core Natural Resources by 71.8% during the fourth quarter. Hosking Partners LLP now owns 76,361 shares of the energy company's stock valued at $10,784,000 after acquiring an additional 31,910 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Core Natural Resources by 4.0% in the fourth quarter. Rhumbline Advisers now owns 46,028 shares of the energy company's stock valued at $6,500,000 after acquiring an additional 1,787 shares in the last quarter. Institutional investors own 86.54% of the company's stock.

Core Natural Resources Stock Down 0.6%

Core Natural Resources stock traded down $0.46 during midday trading on Thursday, hitting $71.00. 1,013,866 shares of the company's stock were exchanged, compared to its average volume of 998,796. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.16 and a current ratio of 1.38. The company has a market cap of $3.74 billion, a PE ratio of 7.39 and a beta of 0.69. The firm has a 50-day moving average of $71.31 and a two-hundred day moving average of $99.75. 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 released its quarterly earnings data on Thursday, May 8th. The energy company reported ($1.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The business 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%. As a group, analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share 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. Stockholders of record on Monday, June 2nd will be given a $0.10 dividend. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, May 30th. Core Natural Resources's payout ratio is 8.26%.

Analyst Ratings Changes

CNR has been the subject of several research analyst reports. Benchmark cut their target price on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, May 9th. UBS Group began coverage on shares of Core Natural Resources in a report on Wednesday. They set a "buy" rating and a $80.00 price objective for the company. Finally, B. Riley lowered their target price on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $120.80.

Insider Buying and Selling

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of Core Natural Resources stock in a transaction on Monday, March 31st. The shares were sold at an average price of $75.30, for a total value of $663,769.50. Following the transaction, the director now directly owns 13,348 shares of the company's stock, valued at approximately $1,005,104.40. The trade was a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.41% of the stock is currently owned by company insiders.

About Core Natural Resources

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.