Wedge Capital Management L L P NC Has $2.19 Million Stock Holdings in Core Natural Resources, Inc. $CNR

Wedge Capital Management L L P NC grew its position in shares of Core Natural Resources, Inc. (NYSE:CNR) by 28.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,399 shares of the energy company’s stock after buying an additional 6,139 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Core Natural Resources were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Triumph Capital Management bought a new stake in shares of Core Natural Resources in the third quarter valued at about $25,000. First Horizon Corp grew its stake in shares of Core Natural Resources by 97.6% in the first quarter. First Horizon Corp now owns 334 shares of the energy company’s stock valued at $35,000 after acquiring an additional 165 shares in the last quarter. CWM LLC increased its position in Core Natural Resources by 45.7% during the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after acquiring an additional 106 shares during the period. EverSource Wealth Advisors LLC increased its position in Core Natural Resources by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after acquiring an additional 191 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in Core Natural Resources during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 86.54% of the company’s stock.

Analyst Ratings Changes

CNR has been the subject of several analyst reports. Weiss Ratings raised shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Zacks Research raised shares of Core Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen raised shares of Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. B. Riley Financial reiterated a “buy” rating on shares of Core Natural Resources in a research report on Thursday, April 30th. Finally, UBS Group cut their price target on Core Natural Resources from $107.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $112.50.

Core Natural Resources Trading Up 2.6%

CNR opened at $95.90 on Friday. The company’s 50 day moving average is $84.78 and its 200-day moving average is $89.74. Core Natural Resources, Inc. has a 1-year low of $68.78 and a 1-year high of $114.80. The company has a current ratio of 1.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.76 billion, a P/E ratio of 48.19 and a beta of 0.14.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $1.91. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Core Natural Resources had a net margin of 2.34% and a return on equity of 0.03%. Equities research analysts predict that Core Natural Resources, Inc. will post 2.96 earnings per share for the current fiscal year.

Core Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 31st. Core Natural Resources’s payout ratio is presently 20.10%.

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.