Universal Beteiligungs und Servicegesellschaft mbH Purchases New Holdings in Core Natural Resources, Inc. (NYSE:CNR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested $726,000 in Core Natural Resources by purchasing 9,421 shares, highlighting institutional interest in the energy company.
• Analysts have issued mixed reviews with several lowering their target prices while maintaining a "buy" rating, leading to a consensus rating of "Moderate Buy" for the stock.
• Core Natural Resources has recently faced challenges, including a significant earnings miss and a dividend cut, raising concerns about its financial stability.

Universal Beteiligungs und Servicegesellschaft mbH 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 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,421 shares of the energy company's stock, valued at approximately $726,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new position in shares of Core Natural Resources in the 1st quarter worth approximately $42,950,000. Bank of New York Mellon Corp bought a new position in shares of Core Natural Resources in the 1st quarter valued at about $30,034,000. Magnolia Group LLC acquired a new position in Core Natural Resources during the first quarter worth approximately $22,899,000. Goehring & Rozencwajg Associates LLC bought a new position in Core Natural Resources in the 1st quarter valued at about $20,729,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Core Natural Resources in the first quarter valued at approximately $20,894,000. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Core Natural Resources Trading Down 3.7%

NYSE CNR traded down $2.87 during trading on Wednesday, hitting $75.30. 286,650 shares of the company's stock traded hands, compared to its average volume of 977,631. The stock has a fifty day moving average of $72.33 and a two-hundred day moving average of $78.96. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.34. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The firm has a market cap of $3.97 billion, a P/E ratio of 15.56 and a beta of 0.66.

Core Natural Resources (NYSE:CNR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($2.01). Core Natural Resources had a net margin of 4.29% and a return on equity of 8.32%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.04 billion. As a group, sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Cuts Dividend

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

Analyst Upgrades and Downgrades

CNR has been the subject of a number of recent analyst reports. UBS Group decreased their price target on Core Natural Resources from $80.00 to $78.00 and set a "buy" rating for the company in a report on Thursday, July 3rd. Jefferies Financial Group reiterated a "hold" rating and set a $78.00 price target (up from $67.00) on shares of Core Natural Resources in a report on Tuesday. B. Riley reduced their price target 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. Finally, Benchmark reduced their target price 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.