Eubel Brady & Suttman Asset Management Inc. Purchases 48,235 Shares of Core Natural Resources, Inc. $CNR

Eubel Brady & Suttman Asset Management Inc. grew its position in Core Natural Resources, Inc. (NYSE:CNR) by 48.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 148,596 shares of the energy company’s stock after acquiring an additional 48,235 shares during the period. Eubel Brady & Suttman Asset Management Inc. owned 0.28% of Core Natural Resources worth $10,363,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Core Natural Resources in the 1st quarter worth approximately $97,000. Allspring Global Investments Holdings LLC bought a new position in Core Natural Resources in the 1st quarter worth approximately $11,600,000. KBC Group NV bought a new position in Core Natural Resources in the 1st quarter worth approximately $183,000. Amalgamated Bank bought a new position in Core Natural Resources in the 1st quarter worth approximately $1,120,000. Finally, Spinnaker Trust bought a new position in Core Natural Resources in the 1st quarter worth approximately $251,000. 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 stock in a transaction dated 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 approximately $979,165. This represents a 8.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick A. Kriegshauser sold 3,043 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $77.07, for a total value of $234,524.01. Following the transaction, the director owned 23,348 shares of the company’s stock, valued at approximately $1,799,430.36. This trade represents a 11.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,043 shares of company stock worth $740,524. Corporate insiders own 2.02% of the company’s stock.

Core Natural Resources Price Performance

CNR opened at $80.24 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.78 and a debt-to-equity ratio of 0.09. Core Natural Resources, Inc. has a 12 month low of $58.19 and a 12 month high of $134.59. The company has a fifty day simple moving average of $81.13 and a 200 day simple moving average of $75.64. The stock has a market cap of $4.13 billion, a P/E ratio of 36.81 and a beta of 0.70.

Core Natural Resources (NYSE:CNR) last released its quarterly earnings data on Tuesday, August 5th. The energy company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($2.01). Core Natural Resources had a net margin of 0.63% and a return on equity of 3.01%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. On average, research analysts expect that Core Natural Resources, Inc. will post 11.4 EPS for the current year.

Core Natural Resources Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were issued a dividend of $0.10 per share. This represents a yield of 56.0%. The ex-dividend date was Friday, August 29th. Core Natural Resources’s dividend payout ratio is 18.35%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CNR shares. B. Riley dropped their price objective on shares of Core Natural Resources from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Jefferies Financial Group upgraded shares of Core Natural Resources from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $90.00 to $125.00 in a research report on Friday, October 10th. Zacks Research upgraded shares of Core Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Core Natural Resources in a research report on Wednesday, October 8th. Finally, UBS Group upped their target price on shares of Core Natural Resources from $89.00 to $105.50 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $119.10.

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.