Linden Thomas Advisory Services LLC Makes New Investment in Core Natural Resources, Inc. (NYSE:CNR)

Linden Thomas Advisory Services 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 filing with the Securities and Exchange Commission. The institutional investor bought 32,955 shares of the energy company's stock, valued at approximately $2,541,000. Linden Thomas Advisory Services LLC owned approximately 0.06% of Core Natural Resources as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc acquired a new stake in Core Natural Resources in the 1st quarter worth $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Core Natural Resources during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at about $30,000. Whipplewood Advisors LLC acquired a new stake in shares of Core Natural Resources during the 1st quarter valued at about $31,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 86.54% of the company's stock.

Core Natural Resources Price Performance

Shares of CNR traded up $4.37 during mid-day trading on Thursday, reaching $73.45. The company had a trading volume of 278,203 shares, compared to its average volume of 996,915. The company's 50 day simple moving average is $70.64 and its 200 day simple moving average is $87.50. Core Natural Resources, Inc. has a 1-year low of $58.19 and a 1-year high of $134.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.34 and a current ratio of 1.89. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 15.18 and a beta of 0.68.

Core Natural Resources (NYSE:CNR - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy company reported ($1.38) EPS for the quarter, missing the consensus estimate of $1.74 by ($3.12). Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.15 million. Analysts expect that Core Natural Resources, Inc. will post 11.4 EPS 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 issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 0.57%. Core Natural Resources's payout ratio is 8.26%.

Wall Street Analyst Weigh In

A number of research firms have commented on CNR. B. Riley reduced their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Benchmark decreased their price objective on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, UBS Group decreased their price objective on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Core Natural Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.40.

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.