Teachers Retirement System of The State of Kentucky Trims Stake in Core Natural Resources, Inc. $CNR

Teachers Retirement System of The State of Kentucky decreased its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 31.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,886 shares of the energy company’s stock after selling 5,786 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Core Natural Resources were worth $1,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Core Natural Resources by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 5,669,844 shares of the energy company’s stock worth $501,838,000 after acquiring an additional 39,557 shares during the period. Legacy Capital Group California Inc. grew its stake in shares of Core Natural Resources by 57.9% in the 4th quarter. Legacy Capital Group California Inc. now owns 4,578 shares of the energy company’s stock worth $405,000 after buying an additional 1,679 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Core Natural Resources by 8.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,611 shares of the energy company’s stock worth $939,000 after buying an additional 847 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Core Natural Resources in the 4th quarter worth approximately $204,000. Finally, Moran Wealth Management LLC grew its stake in shares of Core Natural Resources by 31.8% in the 4th quarter. Moran Wealth Management LLC now owns 24,411 shares of the energy company’s stock worth $2,161,000 after buying an additional 5,896 shares during the last quarter. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Insider Activity

In related news, CAO John Rothka sold 3,800 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $91.62, for a total value of $348,156.00. Following the transaction, the chief accounting officer directly owned 6,190 shares of the company’s stock, valued at approximately $567,127.80. This trade represents a 38.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard A. Navarre sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $91.70, for a total value of $550,200.00. Following the completion of the transaction, the director directly owned 18,034 shares in the company, valued at approximately $1,653,717.80. This represents a 24.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,560 shares of company stock valued at $5,118,890 in the last ninety days. 2.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group upped their price target on Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Wall Street Zen downgraded Core Natural Resources from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings downgraded Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 20th. Finally, Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. 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.com, Core Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Core Natural Resources Stock Up 2.2%

Core Natural Resources stock opened at $91.36 on Thursday. The stock has a fifty day simple moving average of $94.77 and a two-hundred day simple moving average of $90.25. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of -30.35 and a beta of 0.25. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. Core Natural Resources, Inc. has a 12 month low of $63.36 and a 12 month high of $114.80.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. Core Natural Resources’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. Equities analysts predict that Core Natural Resources, Inc. will post 2.1 EPS 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 2nd. Core Natural Resources’s dividend payout ratio is presently -13.29%.

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