Linden Thomas Advisory Services LLC Trims Stock Holdings in Core Natural Resources, Inc. $CNR

Linden Thomas Advisory Services LLC lowered its position in Core Natural Resources, Inc. (NYSE:CNR) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,446 shares of the energy company’s stock after selling 509 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.06% of Core Natural Resources worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Core Natural Resources in the first quarter valued at approximately $29,000. TruNorth Capital Management LLC purchased a new stake in shares of Core Natural Resources during the first quarter worth approximately $33,000. US Bancorp DE purchased a new stake in shares of Core Natural Resources during the first quarter worth approximately $47,000. Banque Transatlantique SA purchased a new stake in shares of Core Natural Resources during the first quarter worth approximately $59,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of Core Natural Resources during the first quarter worth approximately $69,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Trading Down 0.5%

NYSE:CNR opened at $83.10 on Friday. The stock has a fifty day moving average price of $80.71 and a two-hundred day moving average price of $75.44. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 38.12 and a beta of 0.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.78. Core Natural Resources, Inc. has a 1 year low of $58.19 and a 1 year high of $134.59.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($2.01). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Core Natural Resources had a return on equity of 3.01% and a net margin of 0.63%. As a group, sell-side analysts anticipate that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Core Natural Resources news, Director Patrick A. Kriegshauser sold 3,043 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total value 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. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO John Rothka sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were 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 in the company, valued at $979,165. This trade represents a 8.84% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,043 shares of company stock worth $740,524. 1.41% of the stock is owned by corporate insiders.

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.