Townsquare Capital LLC Takes $282,000 Position in Core Natural Resources, Inc. $CNR

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Townsquare Capital LLC acquired a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,658 shares of the energy company's stock, valued at approximately $282,000.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Core Natural Resources during the 1st quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in Core Natural Resources in the first quarter worth about $29,000. Farther Finance Advisors LLC acquired a new position in Core Natural Resources in the first quarter worth about $30,000. Whipplewood Advisors LLC acquired a new position in shares of Core Natural Resources in the 1st quarter worth approximately $31,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Core Natural Resources in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 86.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CNR. Jefferies Financial Group reiterated a "hold" rating and issued a $78.00 target price (up previously from $67.00) on shares of Core Natural Resources in a research report on Tuesday, August 5th. 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. UBS Group reaffirmed a "buy" rating and issued a $86.00 price target (up from $78.00) on shares of Core Natural Resources in a report on Friday, August 8th. Finally, B. Riley decreased their target price 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $105.80.

Core Natural Resources Trading Up 0.1%

Core Natural Resources stock opened at $71.08 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $73.50 and a two-hundred day moving average price of $74.77. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 32.61 and a beta of 0.66. 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 issued its quarterly earnings data 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). Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. Sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current year.

Core Natural Resources Cuts Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.