GSA Capital Partners LLP trimmed its holdings in Consol Energy Inc (NYSE:CEIX) by 29.9% in the second quarter, HoldingsChannel.com reports. The fund owned 6,889 shares of the company’s stock after selling 2,939 shares during the period. GSA Capital Partners LLP’s holdings in Consol Energy were worth $264,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Meeder Asset Management Inc. boosted its position in shares of Consol Energy by 246.0% during the second quarter. Meeder Asset Management Inc. now owns 2,889 shares of the company’s stock worth $111,000 after buying an additional 2,054 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Consol Energy during the second quarter worth about $205,000. Piedmont Investment Advisors LLC acquired a new position in shares of Consol Energy during the second quarter worth about $227,000. Cubist Systematic Strategies LLC boosted its position in shares of Consol Energy by 258.7% during the first quarter. Cubist Systematic Strategies LLC now owns 8,322 shares of the company’s stock worth $241,000 after buying an additional 6,002 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Consol Energy during the second quarter worth about $543,000. 88.27% of the stock is owned by hedge funds and other institutional investors.
CEIX stock opened at $41.68 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 1.87. The stock has a market cap of $1.17 billion and a PE ratio of 9.26. Consol Energy Inc has a fifty-two week low of $19.51 and a fifty-two week high of $48.12.
Consol Energy (NYSE:CEIX) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.16. The company had revenue of $370.70 million during the quarter, compared to analysts’ expectations of $413.40 million. Consol Energy had a return on equity of 28.97% and a net margin of 5.70%. Consol Energy’s quarterly revenue was up 22.1% compared to the same quarter last year. equities research analysts anticipate that Consol Energy Inc will post 5.1 EPS for the current fiscal year.
Several research analysts have recently weighed in on CEIX shares. Zacks Investment Research raised Consol Energy from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, July 25th. B. Riley upped their price objective on Consol Energy from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, July 10th. Seaport Global Securities reaffirmed a “buy” rating and set a $52.00 price objective on shares of Consol Energy in a research report on Thursday, August 2nd. Finally, Stifel Nicolaus started coverage on Consol Energy in a research report on Wednesday, June 27th. They set a “hold” rating and a $40.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Consol Energy has a consensus rating of “Hold” and an average target price of $45.75.
Consol Energy Company Profile
CONSOL Energy Inc produces and exports bituminous thermal and crossover metallurgical coal. The company owns and operates its mining operations in the Northern Appalachian Basin. Its flagship operation is the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey.
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