Hallador Energy Company $HNRG Shares Sold by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL trimmed its holdings by 67.8% in Q3, selling 173,374 shares and leaving 82,250 shares valued at $1.61 million (about 0.19% of Hallador Energy).
• Analyst coverage is mixed but the consensus is a Moderate Buy with a $26.63 average price target, driven by upgrades from B. Riley, Northland and Jefferies offset by downgrades from Wall Street Zen and Zacks.
• Hallador stock traded at $15.20 (market cap ≈ $714.7M) and reported Q1 EPS of ($0.01) in line with estimates while revenue of $101.94M missed forecasts; its 52-week range is $12.37–$24.70.

Tudor Investment Corp ET AL trimmed its holdings in shares of Hallador Energy Company (NASDAQ:HNRG - Free Report) by 67.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,250 shares of the energy company's stock after selling 173,374 shares during the period. Tudor Investment Corp ET AL owned approximately 0.19% of Hallador Energy worth $1,610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HNRG. AQR Capital Management LLC raised its position in Hallador Energy by 1.9% during the first quarter. AQR Capital Management LLC now owns 103,534 shares of the energy company's stock valued at $1,271,000 after acquiring an additional 1,950 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hallador Energy by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,193 shares of the energy company's stock worth $187,000 after purchasing an additional 624 shares in the last quarter. Millennium Management LLC grew its stake in shares of Hallador Energy by 1,233.6% during the 1st quarter. Millennium Management LLC now owns 486,532 shares of the energy company's stock worth $5,975,000 after purchasing an additional 450,049 shares during the period. Empowered Funds LLC grew its stake in shares of Hallador Energy by 5.5% during the 1st quarter. Empowered Funds LLC now owns 246,106 shares of the energy company's stock worth $3,022,000 after purchasing an additional 12,921 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Hallador Energy during the 1st quarter worth approximately $807,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HNRG has been the subject of several analyst reports. B. Riley Financial upgraded shares of Hallador Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $23.00 to $27.00 in a research note on Friday, March 13th. Northland Securities boosted their target price on shares of Hallador Energy from $29.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, March 26th. Wall Street Zen cut shares of Hallador Energy from a "hold" rating to a "sell" rating in a research note on Sunday, March 22nd. Zacks Research cut shares of Hallador Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group upgraded shares of Hallador Energy from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $26.63.

Hallador Energy Stock Performance

HNRG opened at $15.20 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.23. The firm has a fifty day moving average price of $17.92 and a 200 day moving average price of $19.26. Hallador Energy Company has a 1 year low of $12.37 and a 1 year high of $24.70. The stock has a market cap of $714.70 million, a P/E ratio of 15.83 and a beta of 0.27.

Hallador Energy (NASDAQ:HNRG - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The energy company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $101.94 million during the quarter, compared to analyst estimates of $105.48 million. Hallador Energy had a net margin of 8.92% and a return on equity of 30.82%. Equities research analysts anticipate that Hallador Energy Company will post -0.31 earnings per share for the current year.

Hallador Energy Company Profile

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company's primary business activities center on the production and sale of bituminous thermal coal. Hallador's operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.