Ritholtz Wealth Management Has $561,000 Holdings in Core Natural Resources, Inc. $CNR

Ritholtz Wealth Management lessened its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 30.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,040 shares of the energy company’s stock after selling 3,599 shares during the quarter. Ritholtz Wealth Management’s holdings in Core Natural Resources were worth $561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNR. SBI Securities Co. Ltd. acquired a new stake in Core Natural Resources during the 1st quarter valued at approximately $29,000. Farther Finance Advisors LLC acquired a new stake in Core Natural Resources during the 1st quarter valued at approximately $30,000. TruNorth Capital Management LLC acquired a new stake in Core Natural Resources during the 1st quarter valued at approximately $33,000. US Bancorp DE acquired a new stake in Core Natural Resources during the 1st quarter valued at approximately $47,000. Finally, Banque Transatlantique SA acquired a new stake in Core Natural Resources during the 1st quarter valued at approximately $59,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

CNR has been the topic of a number of research analyst reports. UBS Group increased their price target on Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a report on Wednesday, October 8th. B. Riley cut their price target on Core Natural Resources from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Core Natural Resources in a report on Wednesday, October 8th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $125.00 in a report on Friday, October 10th. Finally, Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.10.

Insider Buying and Selling

In related news, CAO John Rothka sold 1,000 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the sale, the chief accounting officer directly owned 10,307 shares of the company’s stock, valued at approximately $979,165. This represents a 8.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Navarre sold 5,000 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $82.20, for a total value of $411,000.00. Following the completion of the sale, the director directly owned 21,830 shares of the company’s stock, valued at $1,794,426. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,043 shares of company stock worth $740,524 in the last ninety days. Corporate insiders own 2.02% of the company’s stock.

Core Natural Resources Price Performance

Shares of CNR opened at $89.65 on Monday. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $134.59. The business’s fifty day moving average is $79.61 and its 200 day moving average is $74.84. 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 stock has a market cap of $4.61 billion, a P/E ratio of 41.12 and a beta of 0.70.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a $0.10 dividend. This represents a dividend yield of 56.0%. The ex-dividend date was Friday, August 29th. Core Natural Resources’s dividend payout ratio (DPR) 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.