Malaga Cove Capital LLC Purchases New Holdings in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• Malaga Cove Capital LLC acquired 6,350 shares of Core Natural Resources, Inc. (NYSE:CNR) valued at approximately $490,000 during the first quarter.
• Core Natural Resources reported a net margin of 4.29% and a disappointing EPS of ($1.38), missing analysts' consensus estimate.
• Despite recent challenges, analysts maintain a consensus rating of "Moderate Buy" with the average price target set at $118.60.

Malaga Cove Capital LLC bought a new stake in Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,350 shares of the energy company's stock, valued at approximately $490,000.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in Core Natural Resources during the 1st quarter valued at about $20,894,000. Amalgamated Bank purchased a new stake in shares of Core Natural Resources during the first quarter worth about $1,120,000. Yousif Capital Management LLC bought a new position in Core Natural Resources in the first quarter worth about $1,419,000. Allspring Global Investments Holdings LLC bought a new position in shares of Core Natural Resources during the first quarter valued at approximately $11,600,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Core Natural Resources during the first quarter valued at approximately $2,167,000. 86.54% of the stock is currently owned by institutional investors.

Core Natural Resources Stock Down 4.2%

Shares of NYSE CNR traded down $3.31 during trading hours on Wednesday, hitting $74.86. The stock had a trading volume of 321,322 shares, compared to its average volume of 977,760. The firm's 50-day moving average price is $72.33 and its two-hundred day moving average price is $78.96. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week 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 $3.94 billion, a P/E ratio of 15.47 and a beta of 0.66.

Core Natural Resources (NYSE:CNR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) 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 analyst estimates of $1.04 billion. Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. Analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a $0.10 dividend. This represents a dividend yield of 57.0%. The ex-dividend date was Friday, May 30th. Core Natural Resources's payout ratio is 8.26%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CNR shares. Jefferies Financial Group reiterated a "hold" rating and set a $78.00 price target (up previously from $67.00) on shares of Core Natural Resources in a research note on Tuesday. UBS Group dropped their price target 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. Benchmark decreased their price target on shares of Core Natural Resources from $112.00 to $105.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, B. Riley lowered their target price on shares of Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $104.20.

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.