Townsquare Capital LLC Acquires Shares of 3,658 Core Natural Resources, Inc. $CNR

Key Points

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Townsquare Capital LLC purchased a new position in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,658 shares of the energy company's stock, valued at approximately $282,000.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of Core Natural Resources in the fourth quarter worth approximately $884,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Core Natural Resources in the fourth quarter worth approximately $28,790,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Core Natural Resources in the fourth quarter worth approximately $345,000. Captrust Financial Advisors purchased a new stake in shares of Core Natural Resources in the fourth quarter worth approximately $241,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Core Natural Resources in the fourth quarter worth approximately $706,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNR has been the subject of several analyst reports. Benchmark lowered their price objective on Core Natural Resources from $112.00 to $105.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Jefferies Financial Group reissued a "hold" rating and issued a $78.00 price objective (up from $67.00) on shares of Core Natural Resources in a research note on Tuesday, August 5th. UBS Group reissued a "buy" rating and issued a $86.00 price objective (up from $78.00) on shares of Core Natural Resources in a research note on Friday, August 8th. Finally, B. Riley lowered their price objective on Core Natural Resources from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.80.

Core Natural Resources Stock Performance

Shares of CNR stock traded up $2.47 during trading on Friday, hitting $72.22. The company's stock had a trading volume of 756,043 shares, compared to its average volume of 805,253. The company has a market cap of $3.72 billion, a PE ratio of 33.13 and a beta of 0.66. 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 business has a fifty day moving average of $73.46 and a 200-day moving average of $73.40. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. As a group, research analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Announces Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a dividend yield of 56.0%. Core Natural Resources's dividend payout ratio is currently 18.35%.

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.