Universal Beteiligungs und Servicegesellschaft mbH Sells 8,158 Shares of Core Natural Resources, Inc. $CNR

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Core Natural Resources, Inc. (NYSE:CNR) by 74.3% during the fourth quarter, HoldingsChannel reports. The firm owned 2,815 shares of the energy company’s stock after selling 8,158 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Core Natural Resources were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Core Natural Resources by 8.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,611 shares of the energy company’s stock worth $939,000 after purchasing an additional 847 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Core Natural Resources in the fourth quarter worth about $204,000. Moran Wealth Management LLC grew its holdings in shares of Core Natural Resources by 31.8% in the fourth quarter. Moran Wealth Management LLC now owns 24,411 shares of the energy company’s stock worth $2,161,000 after purchasing an additional 5,896 shares during the last quarter. CWM LLC grew its holdings in shares of Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Core Natural Resources by 22.6% in the fourth quarter. KBC Group NV now owns 1,802 shares of the energy company’s stock worth $159,000 after purchasing an additional 332 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO James A. Brock sold 40,760 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $101.15, for a total value of $4,122,874.00. Following the sale, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $10,115,000. This trade represents a 28.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total transaction of $97,660.00. Following the completion of the sale, the chief accounting officer owned 5,190 shares in the company, valued at $506,855.40. This represents a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 51,560 shares of company stock worth $5,118,890. Corporate insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CNR shares. B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen cut shares of Core Natural Resources from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Finally, UBS Group increased their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Core Natural Resources Stock Down 0.6%

Shares of Core Natural Resources stock opened at $87.83 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.60 and a quick ratio of 1.15. Core Natural Resources, Inc. has a 1 year low of $63.36 and a 1 year high of $114.80. The firm’s 50-day moving average is $94.79 and its two-hundred day moving average is $90.05. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of -29.18 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.29. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The business had revenue of $899.48 million for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, research analysts expect that Core Natural Resources, Inc. will post 1.7 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 2nd. Core Natural Resources’s dividend payout ratio (DPR) is currently -13.29%.

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.