SG Americas Securities LLC Acquires 9,885 Shares of Core Natural Resources, Inc. $CNR

by · The Cerbat Gem

SG Americas Securities LLC raised its holdings in Core Natural Resources, Inc. (NYSE:CNR – Free Report) by 259.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,695 shares of the energy company’s stock after acquiring an additional 9,885 shares during the quarter. SG Americas Securities LLC’s holdings in Core Natural Resources were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its position in shares of Core Natural Resources by 1,290.9% during the third quarter. AdvisorNet Financial Inc now owns 306 shares of the energy company’s stock worth $26,000 after purchasing an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 worth $29,000 after buying an additional 191 shares during the period. Salomon & Ludwin LLC bought a new stake in Core Natural Resources during the 3rd quarter valued at about $31,000. Princeton Global Asset Management LLC purchased a new stake in Core Natural Resources in the 3rd quarter valued at about $43,000. Finally, Financial Consulate Inc. purchased a new stake in Core Natural Resources in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Core Natural Resources Stock Down 0.8%

Core Natural Resources stock opened at $97.23 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.82 and a debt-to-equity ratio of 0.09. The firm has a market cap of $4.98 billion, a P/E ratio of -226.11 and a beta of 0.33. The business has a fifty day moving average of $86.16 and a two-hundred day moving average of $81.32. Core Natural Resources, Inc. has a twelve month low of $58.19 and a twelve month high of $102.93.

Core Natural Resources (NYSE:CNR – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The energy company reported $0.61 EPS for the quarter, topping the consensus estimate of ($1.40) by $2.01. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.05 billion. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.Core Natural Resources’s revenue was up 74.4% on a year-over-year basis. On average, analysts forecast that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were given 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 Friday, November 28th. Core Natural Resources’s dividend payout ratio is presently -93.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CNR shares. Benchmark reaffirmed a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. UBS Group raised their price objective on Core Natural Resources from $89.00 to $105.50 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Core Natural Resources in a report on Monday, December 29th. Zacks Research downgraded Core Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the company from $90.00 to $125.00 in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.38.

Read Our Latest Stock Analysis on Core Natural Resources

About Core Natural Resources

(Free Report)

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.

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