The Manufacturers Life Insurance Company Boosts Stock Holdings in Core Natural Resources, Inc. $CNR

The Manufacturers Life Insurance Company raised its stake in Core Natural Resources, Inc. (NYSE:CNR) by 228.8% during the first quarter, HoldingsChannel.com reports. The fund owned 85,770 shares of the energy company’s stock after purchasing an additional 59,683 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Core Natural Resources were worth $8,979,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Triumph Capital Management bought a new position in shares of Core Natural Resources during the 3rd quarter valued at about $25,000. First Horizon Corp increased its holdings 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 worth $35,000 after purchasing an additional 165 shares during the last quarter. CWM LLC increased its holdings in shares of Core Natural Resources by 45.7% in the fourth quarter. CWM LLC now owns 338 shares of the energy company’s stock worth $30,000 after purchasing an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Core Natural Resources by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the energy company’s stock worth $29,000 after purchasing an additional 191 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Core Natural Resources in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CNR shares. Weiss Ratings lowered Core Natural Resources from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 23rd. Zacks Research raised Core Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 24th. B. Riley Financial reaffirmed a “buy” rating on shares of Core Natural Resources in a report on Thursday, April 30th. Wall Street Zen upgraded Core Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, UBS Group cut their target price on shares of 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $112.50.

Core Natural Resources Stock Up 1.0%

Shares of NYSE:CNR opened at $81.02 on Wednesday. The company has a market cap of $4.08 billion, a price-to-earnings ratio of -66.41 and a beta of 0.14. Core Natural Resources, Inc. has a 12 month low of $68.78 and a 12 month high of $114.80. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $85.05 and a 200 day moving average price of $90.05.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings data on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $3.39 earnings per share. The firm’s revenue for the quarter was up 94.7% on a year-over-year basis. As a group, equities research analysts predict that Core Natural Resources, Inc. will post 2.45 earnings per share for the current year.

Core Natural Resources 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.