Algert Global LLC trimmed its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 96.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,500 shares of the company's stock after selling 203,851 shares during the period. Algert Global LLC's holdings in Warrior Met Coal were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Warrior Met Coal by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company's stock worth $1,473,000 after buying an additional 1,351 shares in the last quarter. Intech Investment Management LLC grew its holdings in Warrior Met Coal by 14.6% during the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company's stock worth $1,661,000 after acquiring an additional 4,441 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Warrior Met Coal by 7.7% during the 2nd quarter. Hsbc Holdings PLC now owns 6,479 shares of the company's stock worth $300,000 after acquiring an additional 464 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock valued at $31,000 after purchasing an additional 467 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Warrior Met Coal by 75.1% in the 2nd quarter. Marshall Wace LLP now owns 10,085 shares of the company's stock valued at $462,000 after purchasing an additional 4,324 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.
Insider Transactions at Warrior Met Coal
In other news, CEO Walter J. Scheller sold 50,000 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the sale, the chief executive officer directly owned 267,793 shares of the company's stock, valued at $29,457,230. The trade was a 15.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kelli K. Gant sold 20,000 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares in the company, 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. Over the last ninety days, insiders sold 124,800 shares of company stock worth $13,450,304. Company insiders own 2.10% of the company's stock.
Warrior Met Coal Stock Performance
Shares of HCC opened at $107.02 on Monday. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.65 billion, a PE ratio of 25.73 and a beta of 0.65. Warrior Met Coal has a 12 month low of $54.66 and a 12 month high of $111.20. The stock has a fifty day moving average price of $87.70 and a 200-day moving average price of $88.99.
Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. The company had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The firm's quarterly revenue was up 71.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. Equities research analysts predict that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.
Warrior Met Coal Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal's dividend payout ratio (DPR) is currently 7.69%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on HCC. B. Riley Financial lifted their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. UBS Group dropped their target price on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Citigroup reiterated a "buy" rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Finally, Wall Street Zen upgraded Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.60.
Read Our Latest Research Report on HCC
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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