Moore Capital Management LP Grows Stock Position in Core Natural Resources, Inc. $CNR

Moore Capital Management LP increased its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 108.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 170,046 shares of the energy company’s stock after purchasing an additional 88,283 shares during the quarter. Moore Capital Management LP’s holdings in Core Natural Resources were worth $15,051,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. CWM LLC raised its stake in Core Natural Resources by 45.7% in the 4th quarter. CWM LLC now owns 338 shares of the energy company’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Maryland State Retirement & Pension System lifted 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 valued at $666,000 after purchasing an additional 126 shares in the last quarter. GAMMA Investing LLC lifted 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 valued at $138,000 after purchasing an additional 142 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Core Natural Resources by 6.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock valued at $198,000 after purchasing an additional 144 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Core Natural Resources by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock valued at $29,000 after purchasing an additional 191 shares in the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

Core Natural Resources Trading Up 1.3%

NYSE CNR opened at $86.86 on Thursday. Core Natural Resources, Inc. has a 12 month low of $64.57 and a 12 month high of $114.80. The company has a 50-day moving average of $88.78 and a 200-day moving average of $91.42. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.70 and a quick ratio of 1.21. The company has a market cap of $4.38 billion, a P/E ratio of -71.19 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last posted its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.13. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The company had revenue of $899.48 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $3.39 EPS. The company’s quarterly revenue was up 94.7% compared to the same quarter last year. As a group, equities analysts predict that Core Natural Resources, Inc. will post 1.7 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. Stockholders of record on Friday, May 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Core Natural Resources’s dividend payout ratio is currently -32.79%.

Analyst Ratings Changes

CNR has been the topic of a number of recent research reports. 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 lowered shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. UBS Group upped their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. Finally, B. Riley Financial restated a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $116.67.

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.