Core Natural Resources, Inc. $CNR Stake Cut by Skylands Capital LLC

Skylands Capital LLC cut its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 6.5% during the third quarter, HoldingsChannel reports. The firm owned 222,022 shares of the energy company’s stock after selling 15,372 shares during the period. Core Natural Resources comprises about 2.6% of Skylands Capital LLC’s investment portfolio, making the stock its 8th biggest holding. Skylands Capital LLC’s holdings in Core Natural Resources were worth $18,534,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its holdings in shares of 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. EverSource Wealth Advisors LLC grew its position 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 buying an additional 191 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Core Natural Resources in the 3rd quarter valued at $31,000. Princeton Global Asset Management LLC purchased a new position in Core Natural Resources during the 3rd quarter worth $43,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Core Natural Resources in the 3rd quarter worth $43,000. 86.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CNR. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 29th. Finally, Benchmark reiterated a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Four 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.38.

Core Natural Resources Stock Performance

Shares of CNR opened at $91.14 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.82 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $103.50. The company has a 50-day simple moving average of $90.97 and a 200-day simple moving average of $83.71. The company has a market capitalization of $4.67 billion, a PE ratio of -211.95 and a beta of 0.34.

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.