Hourglass Capital LLC raised its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,025 shares of the energy company's stock after purchasing an additional 3,940 shares during the quarter. Core Natural Resources makes up 1.6% of Hourglass Capital LLC's holdings, making the stock its 22nd biggest position. Hourglass Capital LLC owned about 0.17% of Core Natural Resources worth $6,348,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Core Natural Resources during the first quarter worth $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth $30,000. TruNorth Capital Management LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth $33,000. US Bancorp DE acquired a new stake in shares of Core Natural Resources during the first quarter worth $47,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Core Natural Resources during the first quarter worth $57,000. Institutional investors and hedge funds own 86.54% of the company's stock.
Insider Activity at Core Natural Resources
In related news, Director Patrick A. Kriegshauser sold 3,043 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total value of $234,524.01. Following the sale, the director directly owned 23,348 shares in the company, valued at $1,799,430.36. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO John Rothka sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the sale, the chief accounting officer owned 10,307 shares in the company, valued at $979,165. The trade was a 8.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,043 shares of company stock worth $740,524 over the last ninety days. Insiders own 1.41% of the company's stock.
Core Natural Resources Stock Performance
NYSE:CNR opened at $91.34 on Thursday. The stock has a market cap of $4.70 billion, a P/E ratio of 41.90 and a beta of 0.70. The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock's 50-day moving average is $79.00 and its 200-day moving average is $74.60. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59.
Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of $1.31 by ($2.01). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. Equities research analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.
Core Natural Resources Dividend Announcement
The business also recently announced a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a $0.10 dividend. The ex-dividend date was Friday, August 29th. This represents a yield of 56.0%. Core Natural Resources's dividend payout ratio is presently 18.35%.
Analyst Upgrades and Downgrades
CNR has been the subject of a number of research reports. B. Riley dropped 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. UBS Group raised their price target on Core Natural Resources from $89.00 to $105.50 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Jefferies Financial Group upgraded Core Natural Resources from a "hold" rating to a "buy" rating and raised their price target for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Zacks Research upgraded Core Natural Resources from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Core Natural Resources in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $119.10.
Read Our Latest Research Report on CNR
Core Natural Resources Company Profile
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Free Report)
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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