GAMMA Investing LLC Invests $7.47 Million in Core Natural Resources, Inc. (NYSE:CNR)

GAMMA Investing LLC acquired 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 Securities & Exchange Commission. The institutional investor acquired 96,915 shares of the energy company's stock, valued at approximately $7,472,000. GAMMA Investing LLC owned about 0.18% of Core Natural Resources as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD purchased a new stake in shares of Core Natural Resources in the fourth quarter worth approximately $28,790,000. Principal Financial Group Inc. raised its stake in shares of Core Natural Resources by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 87,794 shares of the energy company's stock worth $12,398,000 after purchasing an additional 2,581 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Core Natural Resources by 40.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 87,739 shares of the energy company's stock worth $12,555,000 after purchasing an additional 25,306 shares during the last quarter. Hosking Partners LLP raised its stake in shares of Core Natural Resources by 71.8% in the fourth quarter. Hosking Partners LLP now owns 76,361 shares of the energy company's stock worth $10,784,000 after purchasing an additional 31,910 shares during the last quarter. Finally, Rhumbline Advisers raised its stake 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 worth $6,500,000 after purchasing an additional 1,787 shares during the last quarter. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Performance

Shares of CNR opened at $67.22 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 6.99 and a beta of 0.69. The stock has a 50 day moving average of $71.29 and a 200 day moving average of $100.92. 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 issued its quarterly earnings results on Thursday, May 8th. The energy company reported ($1.38) 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 analysts' expectations 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, sell-side analysts forecast 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 announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.10 dividend. This represents a yield of 0.57%. The ex-dividend date is Friday, May 30th. Core Natural Resources's dividend payout ratio is currently 8.26%.

Insiders Place Their Bets

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $75.30, for a total value of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares of the company's stock, valued at $1,005,104.40. This trade represents a 39.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.41% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Benchmark lowered their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. B. Riley decreased their price target on Core Natural Resources from $136.00 to $119.00 and set a "buy" rating for the company in a research report on Friday, April 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Core Natural Resources presently has an average rating of "Moderate Buy" and a consensus target price of $131.00.

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.

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