Allspring Global Investments Holdings LLC Sells 47,792 Shares of Core Natural Resources, Inc. $CNR

Allspring Global Investments Holdings LLC decreased its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 32.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,084 shares of the energy company’s stock after selling 47,792 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.19% of Core Natural Resources worth $6,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Core Natural Resources during the 1st quarter valued at $29,000. Farther Finance Advisors LLC bought a new stake in Core Natural Resources during the 1st quarter valued at $30,000. TruNorth Capital Management LLC bought a new stake in Core Natural Resources during the 1st quarter valued at $33,000. US Bancorp DE bought a new stake in Core Natural Resources during the 1st quarter valued at $47,000. Finally, Banque Transatlantique SA bought a new stake in Core Natural Resources during the 1st quarter valued at $59,000. Institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Down 3.5%

CNR opened at $89.65 on Monday. The stock has a market cap of $4.61 billion, a PE ratio of 41.12 and a beta of 0.70. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 52 week low of $58.19 and a 52 week high of $134.59. The business’s fifty day simple moving average is $79.61 and its 200 day simple moving average is $74.84.

Core Natural Resources (NYSE:CNR) last released its earnings results on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($2.01). The firm 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 expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were paid a $0.10 dividend. This represents a yield of 56.0%. The ex-dividend date of this dividend was Friday, August 29th. Core Natural Resources’s dividend payout ratio is currently 18.35%.

Insider Activity at Core Natural Resources

In other Core Natural Resources news, Director Richard A. Navarre sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $82.20, for a total transaction of $411,000.00. Following the completion of the sale, the director directly owned 21,830 shares in the company, valued at $1,794,426. This represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick A. Kriegshauser sold 3,043 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $77.07, for a total transaction of $234,524.01. Following the sale, the director owned 23,348 shares of the company’s stock, valued at approximately $1,799,430.36. The trade was a 11.53% 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 valued at $740,524 over the last 90 days. 2.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CNR shares. Zacks Research raised shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Jefferies Financial Group raised shares of Core Natural Resources from a “hold” rating to a “buy” rating and upped their price target for the stock from $90.00 to $125.00 in a report on Friday, October 10th. B. Riley decreased their price target on shares of 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 reaffirmed a “hold (c)” rating on shares of Core Natural Resources in a report on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $119.10.

About Core Natural Resources

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.