SG Americas Securities LLC Grows Position in Core Natural Resources, Inc. $CNR

SG Americas Securities LLC lifted its position in Core Natural Resources, Inc. (NYSE:CNR) by 241.5% during the 1st quarter, Holdings Channel reports. The firm owned 37,611 shares of the energy company’s stock after acquiring an additional 26,598 shares during the period. SG Americas Securities LLC’s holdings in Core Natural Resources were worth $3,939,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. CWM LLC raised its holdings in Core Natural Resources by 45.7% during the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after buying an additional 106 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in Core Natural Resources by 1.7% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,526 shares of the energy company’s stock worth $666,000 after acquiring an additional 126 shares during the last quarter. GAMMA Investing LLC grew its holdings in Core Natural Resources by 10.0% in the 4th quarter. GAMMA Investing LLC now owns 1,556 shares of the energy company’s stock worth $138,000 after acquiring an additional 142 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Core Natural Resources by 6.5% in the third quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock valued at $198,000 after acquiring an additional 144 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after acquiring an additional 191 shares during the period. 86.54% of the stock is owned by hedge funds and other institutional investors.

Core Natural Resources Stock Down 2.8%

Shares of NYSE CNR opened at $79.45 on Tuesday. The firm has a fifty day simple moving average of $87.29 and a two-hundred day simple moving average of $91.46. Core Natural Resources, Inc. has a 12 month low of $64.57 and a 12 month high of $114.80. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.00 billion, a PE ratio of -65.12 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. The firm had revenue of $899.48 million for the quarter, compared to analyst estimates of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The company’s revenue for the quarter was up 94.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.39 EPS. Equities analysts expect that Core Natural Resources, Inc. will post 2.45 earnings per share for the current year.

Core Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a $0.10 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio (DPR) is -32.79%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CNR shares. Wall Street Zen upgraded shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 24th. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. UBS Group increased their price objective on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.67.

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 segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.