AlphaCrest Capital Management LLC Acquires New Holdings in Consol Energy Inc (NYSE:CEIX)

AlphaCrest Capital Management LLC acquired a new position in Consol Energy Inc (NYSE:CEIX) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 13,000 shares of the company’s stock, valued at approximately $445,000.

A number of other hedge funds also recently bought and sold shares of the stock. Arizona State Retirement System increased its stake in Consol Energy by 5.3% during the 4th quarter. Arizona State Retirement System now owns 42,778 shares of the company’s stock worth $1,356,000 after buying an additional 2,156 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Consol Energy in the 4th quarter valued at approximately $128,000. Rhumbline Advisers increased its position in shares of Consol Energy by 21.8% in the 4th quarter. Rhumbline Advisers now owns 81,369 shares of the company’s stock valued at $2,580,000 after purchasing an additional 14,580 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Consol Energy in the 4th quarter valued at approximately $513,000. Finally, ClariVest Asset Management LLC increased its position in shares of Consol Energy by 62.2% in the 4th quarter. ClariVest Asset Management LLC now owns 120,668 shares of the company’s stock valued at $3,827,000 after purchasing an additional 46,259 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CEIX opened at $25.84 on Thursday. Consol Energy Inc has a 52 week low of $25.60 and a 52 week high of $47.49. The company has a current ratio of 0.97, a quick ratio of 0.84 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $727.00 million, a price-to-earnings ratio of 4.80 and a beta of 1.21.

Consol Energy (NYSE:CEIX) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.42. Consol Energy had a net margin of 7.04% and a return on equity of 24.27%. The company had revenue of $332.50 million for the quarter, compared to the consensus estimate of $366.50 million. During the same period in the prior year, the firm posted $2.20 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, research analysts forecast that Consol Energy Inc will post 3.89 earnings per share for the current year.

CEIX has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Consol Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. ValuEngine downgraded shares of Consol Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Consol Energy currently has a consensus rating of “Hold” and a consensus price target of $45.50.

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About Consol Energy

CONSOL Energy Inc produces and exports bituminous coal. It owns and operates its mining operations in the Northern Appalachian Basin. The company owns and operates the Pennsylvania Mining Complex (PAMC), which comprises three underground mines, including Bailey, Enlow Fork, and Harvey; and CONSOL Marine Terminal located in the port of Baltimore.

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Institutional Ownership by Quarter for Consol Energy (NYSE:CEIX)

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