Deutsche Bank AG purchased a new stake in Warrior Met Coal (NYSE:HCC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 131,115 shares of the company's stock, valued at approximately $10,641,000. Deutsche Bank AG owned 0.25% of Warrior Met Coal as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently bought and sold shares of HCC. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal during the fourth quarter worth approximately $31,000. EverSource Wealth Advisors LLC increased its position in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after acquiring an additional 467 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company's stock valued at $36,000 after acquiring an additional 302 shares during the period. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal during the 4th quarter valued at $37,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Warrior Met Coal by 3,281.8% during the 4th quarter. Global Retirement Partners LLC now owns 744 shares of the company's stock valued at $66,000 after acquiring an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.
Wall Street Analysts Forecast Growth
HCC has been the subject of a number of research reports. B. Riley Financial upped their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Citigroup restated a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. UBS Group decreased their target price on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Zacks Research lowered Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Warrior Met Coal currently has an average rating of "Moderate Buy" and an average price target of $102.60.
Read Our Latest Stock Analysis on HCC
Insiders Place Their Bets
In other Warrior Met Coal news, CEO Walter J. Scheller sold 50,000 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the transaction, the chief executive officer owned 317,793 shares in the company, valued at $33,368,265. The trade was a 13.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kelli K. Gant sold 20,000 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares of the company's stock, valued at approximately $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 74,800 shares of company stock worth $7,950,304 in the last quarter. 2.10% of the stock is owned by corporate insiders.
Warrior Met Coal Trading Down 0.0%
HCC opened at $106.68 on Monday. The firm has a market capitalization of $5.63 billion, a P/E ratio of 25.64 and a beta of 0.65. The firm's 50 day moving average is $86.37 and its 200-day moving average is $88.39. Warrior Met Coal has a 52-week low of $54.66 and a 52-week high of $110.39. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10.
Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to analysts' expectations of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business's revenue for the quarter was up 71.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. Analysts expect that Warrior Met Coal will post 5.74 EPS for the current fiscal year.
Warrior Met Coal Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal's payout ratio is 7.69%.
About Warrior Met Coal
(
Free Report)
Warrior Met Coal NYSE: HCC is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama's Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.
Warrior Met Coal's product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.
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