Marshall Wace LLP Acquires Shares of 8,282 Core Natural Resources, Inc. (NYSE:CNR)

Marshall Wace LLP purchased a new stake in shares of Core Natural Resources, Inc. (NYSE:CNR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,282 shares of the energy company's stock, valued at approximately $884,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CNR. GAMMA Investing LLC lifted its position in shares of Core Natural Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company's stock worth $26,000 after purchasing an additional 143 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Core Natural Resources in the 4th quarter valued at $26,000. Fortitude Family Office LLC increased its position in Core Natural Resources by 63.8% during the fourth quarter. Fortitude Family Office LLC now owns 267 shares of the energy company's stock worth $28,000 after acquiring an additional 104 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Core Natural Resources by 82.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 222 shares of the energy company's stock valued at $31,000 after acquiring an additional 100 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Core Natural Resources by 226.7% in the fourth quarter. Jones Financial Companies Lllp now owns 245 shares of the energy company's stock valued at $35,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 86.54% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CNR shares. B. Riley decreased their price target on shares of Core Natural Resources from $136.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Jefferies Financial Group raised Core Natural Resources from a "hold" rating to a "buy" rating and cut their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler upgraded shares of Core Natural Resources from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. StockNews.com assumed coverage on shares of Core Natural Resources in a report on Thursday, January 30th. They set a "hold" rating for the company. Finally, Benchmark reiterated a "buy" rating and issued a $112.00 price objective on shares of Core Natural Resources in a research note on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.75.

Insiders Place Their Bets

In other Core Natural Resources news, Director Holly K. Koeppel sold 8,815 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $75.30, for a total transaction of $663,769.50. Following the completion of the sale, the director now directly owns 13,348 shares in the company, valued at approximately $1,005,104.40. This trade represents a 39.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.41% of the company's stock.

Core Natural Resources Stock Performance

Shares of CNR traded down $0.78 on Tuesday, reaching $73.39. 59,961 shares of the company's stock traded hands, compared to its average volume of 1,012,214. The company has a current ratio of 1.38, a quick ratio of 1.16 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.92 billion, a PE ratio of 7.64 and a beta of 1.42. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $134.59. The stock's 50 day simple moving average is $72.91 and its two-hundred day simple moving average is $115.20.

Core Natural Resources (NYSE:CNR - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $3.07 EPS for the quarter, topping the consensus estimate of $1.63 by $1.44. The company had revenue of $595.29 million during the quarter, compared to the consensus estimate of $493.50 million. Core Natural Resources had a net margin of 12.81% and a return on equity of 23.87%. On average, analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, March 3rd. Core Natural Resources's payout ratio is currently 4.16%.

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.