Osaic Holdings Inc. Increases Stake in Core Natural Resources, Inc. $CNR

Osaic Holdings Inc. grew its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 711.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,615 shares of the energy company’s stock after acquiring an additional 25,087 shares during the period. Osaic Holdings Inc.’s holdings in Core Natural Resources were worth $1,996,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CNR. EverSource Wealth Advisors LLC lifted 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 valued at $29,000 after purchasing an additional 191 shares in the last quarter. Banque Transatlantique SA bought a new position in shares of Core Natural Resources in the first quarter worth about $59,000. Allworth Financial LP lifted its position in shares of Core Natural Resources by 4,079.3% during the 2nd quarter. Allworth Financial LP now owns 1,212 shares of the energy company’s stock valued at $85,000 after buying an additional 1,183 shares in the last quarter. Resources Management Corp CT ADV purchased a new position in shares of Core Natural Resources during the 1st quarter valued at about $88,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Core Natural Resources by 14.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,223 shares of the energy company’s stock valued at $155,000 after acquiring an additional 289 shares during the period. Institutional investors own 86.54% of the company’s stock.

Insiders Place Their Bets

In other Core Natural Resources news, CAO John Rothka sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the transaction, the chief accounting officer owned 10,307 shares in the company, valued at $979,165. This trade represents a 8.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Core Natural Resources in a research report on Monday, December 22nd. Benchmark restated a “buy” rating on shares of Core Natural Resources in a research note on Monday, November 10th. Jefferies Financial Group upgraded Core Natural Resources from a “hold” rating to a “buy” rating and increased their price target for the stock from $90.00 to $125.00 in a research note on Friday, October 10th. Finally, UBS Group raised their price target on Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.10.

Core Natural Resources Price Performance

Shares of NYSE:CNR opened at $88.49 on Monday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of -205.80 and a beta of 0.40. The firm has a fifty day moving average price of $82.99 and a 200 day moving average price of $79.03. Core Natural Resources, Inc. has a fifty-two week low of $58.19 and a fifty-two week high of $109.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.29 and a current ratio of 1.82.

Core Natural Resources (NYSE:CNR) last announced 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. Core Natural Resources had a negative net margin of 1.17% and a positive return on equity of 0.52%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.05 billion. The business’s revenue was up 74.4% on a year-over-year basis. As a group, sell-side analysts expect that Core Natural Resources, Inc. will post 11.4 earnings per share for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Core Natural Resources’s dividend payout ratio is presently -93.02%.

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.