Hudson Bay Capital Management LP Sells 12,752 Shares of Core Natural Resources, Inc. $CNR

Hudson Bay Capital Management LP lessened its holdings in Core Natural Resources, Inc. (NYSE:CNR) by 36.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,294 shares of the energy company’s stock after selling 12,752 shares during the period. Hudson Bay Capital Management LP’s holdings in Core Natural Resources were worth $1,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its holdings in Core Natural Resources by 1.1% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,596 shares of the energy company’s stock valued at $968,000 after buying an additional 121 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Core Natural Resources by 4.2% during the 3rd quarter. AlphaQuest LLC now owns 3,085 shares of the energy company’s stock worth $258,000 after acquiring an additional 124 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Core Natural Resources by 10.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,414 shares of the energy company’s stock valued at $118,000 after acquiring an additional 128 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Core Natural Resources by 6.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,367 shares of the energy company’s stock valued at $198,000 after acquiring an additional 144 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Core Natural Resources by 18.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,219 shares of the energy company’s stock worth $104,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 86.54% of the company’s stock.

Wall Street Analyst Weigh In

CNR has been the subject of several recent research reports. Wall Street Zen raised Core Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group increased their target price on shares of Core Natural Resources from $105.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Zacks Research cut shares of Core Natural Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings upgraded shares of Core Natural Resources from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Core Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $112.25.

Insider Activity at Core Natural Resources

In other Core Natural Resources news, CAO John Rothka sold 3,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $91.62, for a total transaction of $348,156.00. Following the completion of the transaction, the chief accounting officer owned 6,190 shares in the company, valued at $567,127.80. This trade represents a 38.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO James A. Brock sold 40,760 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $101.15, for a total value of $4,122,874.00. Following the sale, the chief executive officer directly owned 100,000 shares in the company, valued at $10,115,000. This trade represents a 28.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 51,560 shares of company stock valued at $5,118,890. Insiders own 1.41% of the company’s stock.

Core Natural Resources Stock Down 0.1%

NYSE CNR opened at $106.95 on Monday. The company has a current ratio of 1.60, a quick ratio of 1.15 and a debt-to-equity ratio of 0.10. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $113.57. The stock’s 50 day moving average is $93.63 and its 200 day moving average is $87.38. The stock has a market cap of $5.43 billion, a PE ratio of -35.53 and a beta of 0.34.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Thursday, February 12th. The energy company reported ($1.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.78) by ($0.76). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $996.54 million. Core Natural Resources had a negative net margin of 3.68% and a negative return on equity of 4.05%. The company’s quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. Research analysts predict that Core Natural Resources, Inc. will post 11.4 EPS for the current fiscal year.

Core Natural Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 2nd. Core Natural Resources’s payout ratio is currently -13.29%.

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.