Hourglass Capital LLC Acquires 8,280 Shares of Core Natural Resources, Inc. $CNR

Hourglass Capital LLC grew its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 125,195 shares of the energy company’s stock after purchasing an additional 8,280 shares during the quarter. Core Natural Resources accounts for about 2.4% of Hourglass Capital LLC’s holdings, making the stock its 7th biggest holding. Hourglass Capital LLC owned about 0.24% of Core Natural Resources worth $11,081,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Triumph Capital Management acquired a new stake in shares of Core Natural Resources in the third quarter valued at $25,000. AdvisorNet Financial Inc boosted its holdings in Core Natural Resources by 1,290.9% in the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock valued at $26,000 after purchasing an additional 284 shares during the period. Salomon & Ludwin LLC acquired a new position in Core Natural Resources during the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC grew its stake in Core Natural Resources by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new stake in Core Natural Resources during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CNR. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. UBS Group upped their target price on shares of Core Natural Resources from $109.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Finally, Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Insider Transactions at Core Natural Resources

In other news, Director Richard A. Navarre sold 6,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 18,034 shares of the company’s stock, valued at approximately $1,653,717.80. The trade was a 24.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO John Rothka sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $97.66, for a total value of $97,660.00. Following the completion of the sale, the chief accounting officer directly owned 5,190 shares of the company’s stock, valued at approximately $506,855.40. This trade represents a 16.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 51,560 shares of company stock worth $5,118,890. Corporate insiders own 2.49% of the company’s stock.

Core Natural Resources Trading Up 4.2%

Shares of Core Natural Resources stock opened at $113.27 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $94.79 and a 200-day simple moving average of $88.43. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of -37.63 and a beta of 0.34. Core Natural Resources, Inc. has a 12-month low of $58.19 and a 12-month high of $113.57.

Core Natural Resources (NYSE:CNR) last announced its quarterly earnings results on Thursday, February 12th. The energy company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.76). Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $996.54 million. During the same quarter in the prior year, the business earned $1.04 earnings per share. Core Natural Resources’s revenue was up 81.8% compared to the same quarter last year. On average, equities analysts forecast that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Core Natural Resources’s payout ratio is -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.