Wealth High Governance Capital Ltda Takes $4.41 Million Position in Core Natural Resources, Inc. $CNR

Wealth High Governance Capital Ltda acquired a new position in shares of Core Natural Resources, Inc. (NYSE:CNR) during the first quarter, HoldingsChannel reports. The institutional investor acquired 42,071 shares of the energy company’s stock, valued at approximately $4,406,000. Core Natural Resources accounts for approximately 1.3% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNR. Royal Bank of Canada acquired a new position in Core Natural Resources during the first quarter worth approximately $2,037,000. AQR Capital Management LLC acquired a new position in Core Natural Resources in the 1st quarter valued at $796,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Core Natural Resources during the first quarter worth about $2,413,000. NewEdge Advisors LLC purchased a new position in shares of Core Natural Resources during the 1st quarter worth approximately $1,223,000. Finally, United Services Automobile Association purchased a new position in Core Natural Resources in the first quarter worth $256,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Core Natural Resources Stock Down 0.2%

Shares of NYSE CNR opened at $79.69 on Monday. The stock’s 50-day simple moving average is $85.27 and its 200-day simple moving average is $90.29. Core Natural Resources, Inc. has a 1 year low of $68.78 and a 1 year high of $114.80. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -65.32 and a beta of 0.14. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.70.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, May 7th. The energy company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.28 by $0.13. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%.The company had revenue of $899.48 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted $3.39 EPS. The business’s revenue was up 94.7% on a year-over-year basis. As a group, equities analysts anticipate that Core Natural Resources, Inc. will post 2.45 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 29th. This represents a $0.40 annualized dividend and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is presently -32.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CNR shares. Weiss Ratings cut shares of Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Zacks Research upgraded Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 24th. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group dropped their price objective on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.50.

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.