Linden Thomas Advisory Services LLC Takes Position in Core Natural Resources, Inc. (NYSE:CNR)

Linden Thomas Advisory Services LLC bought a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 32,955 shares of the energy company's stock, valued at approximately $2,541,000. Linden Thomas Advisory Services LLC owned 0.06% of Core Natural Resources as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in Core Natural Resources during the first quarter worth $30,034,000. Goehring & Rozencwajg Associates LLC acquired a new position in Core Natural Resources during the first quarter worth $20,729,000. Principal Financial Group Inc. acquired a new position in Core Natural Resources during the first quarter worth $20,894,000. Price T Rowe Associates Inc. MD acquired a new position in Core Natural Resources during the fourth quarter worth $28,790,000. Finally, Skylands Capital LLC acquired a new position in Core Natural Resources during the first quarter worth $18,653,000. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Stock Performance

Core Natural Resources stock traded up $3.28 on Friday, reaching $75.67. 790,821 shares of the stock were exchanged, compared to its average volume of 912,678. The stock has a market cap of $3.98 billion, a PE ratio of 15.63 and a beta of 0.68. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 0.08. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $134.59. The firm has a fifty day moving average price of $70.69 and a two-hundred day moving average price of $86.25.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its earnings results on Thursday, May 8th. The energy company reported ($1.38) earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($3.12). The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $964.15 million. Core Natural Resources had a return on equity of 8.32% and a net margin of 4.29%. Sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a dividend of $0.10 per share. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, May 30th. Core Natural Resources's dividend payout ratio is currently 8.26%.

Analyst Ratings Changes

Several equities analysts have commented on CNR shares. 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 research report on Friday, April 11th. UBS Group lowered their target price on shares of Core Natural Resources from $80.00 to $78.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Finally, Benchmark lowered their target price on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Core Natural Resources currently has a consensus rating of "Moderate Buy" and an average price target of $120.40.

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.