Principal Financial Group Inc. Trims Stock Position in Core Natural Resources, Inc. $CNR

Principal Financial Group Inc. trimmed its holdings in shares of Core Natural Resources, Inc. (NYSE:CNR) by 14.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,705 shares of the energy company’s stock after selling 43,517 shares during the period. Principal Financial Group Inc. owned about 0.48% of Core Natural Resources worth $20,762,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CNR. Magnolia Group LLC grew its holdings in Core Natural Resources by 140.6% during the 2nd quarter. Magnolia Group LLC now owns 714,500 shares of the energy company’s stock valued at $49,829,000 after buying an additional 417,500 shares during the last quarter. State Street Corp lifted its position in shares of Core Natural Resources by 10.2% in the second quarter. State Street Corp now owns 3,169,543 shares of the energy company’s stock valued at $221,044,000 after acquiring an additional 294,312 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Core Natural Resources by 10,023.9% in the second quarter. Balyasny Asset Management L.P. now owns 295,720 shares of the energy company’s stock valued at $20,624,000 after acquiring an additional 292,799 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Core Natural Resources by 619.5% during the second quarter. First Trust Advisors LP now owns 267,445 shares of the energy company’s stock valued at $18,652,000 after acquiring an additional 230,275 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Core Natural Resources by 48.9% during the 2nd quarter. Bank of America Corp DE now owns 585,137 shares of the energy company’s stock worth $40,807,000 after purchasing an additional 192,136 shares in the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CNR. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. Benchmark reissued a “buy” rating on shares of Core Natural Resources in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Core Natural Resources in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.38.

Core Natural Resources Stock Up 6.0%

Shares of NYSE CNR opened at $92.32 on Monday. The stock has a market capitalization of $4.73 billion, a PE ratio of -214.69 and a beta of 0.34. 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 fifty day moving average of $90.35 and a 200-day moving average of $83.52. Core Natural Resources, Inc. has a 52-week low of $58.19 and a 52-week high of $103.50.

Core Natural Resources (NYSE:CNR) last issued its earnings results on Thursday, November 6th. The energy company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.40) by $2.01. Core Natural Resources had a positive return on equity of 0.52% and a negative net margin of 1.17%.The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.05 billion. The business’s revenue was up 74.4% compared to the same quarter last year. On average, analysts anticipate that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

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.