Ashoka WhiteOak Capital Pte Ltd Acquires Shares of 141,002 Warrior Met Coal $HCC

Key Points

• Ashoka WhiteOak Capital acquired 141,002 shares of Warrior Met Coal valued at approximately $11.4 million, making HCC its seventh-largest portfolio holding and representing about 0.27% of the company.
• Institutional ownership remains high at 92.28%, with State Street, Adage Capital, and UBS among investors that recently increased their positions. An insider separately sold 20,000 shares for $2.2 million.
• Warrior Met Coal exceeded quarterly expectations, reporting $1.65 in EPS and $509.7 million in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $102.60; the company also declared a quarterly dividend of $0.08 per share.

Ashoka WhiteOak Capital Pte Ltd acquired a new position in Warrior Met Coal (NYSE:HCC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 141,002 shares of the company's stock, valued at approximately $11,394,000. Warrior Met Coal makes up about 2.7% of Ashoka WhiteOak Capital Pte Ltd's investment portfolio, making the stock its 7th biggest position. Ashoka WhiteOak Capital Pte Ltd owned about 0.27% of Warrior Met Coal as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the business. State Street Corp increased its position in Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company's stock valued at $187,860,000 after acquiring an additional 825,807 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company's stock worth $86,574,000 after purchasing an additional 1,069,025 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company's stock worth $116,687,000 after purchasing an additional 5,077 shares in the last quarter. Maple Rock Capital Partners Inc. grew its stake in shares of Warrior Met Coal by 12.0% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company's stock valued at $144,355,000 after purchasing an additional 175,500 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Warrior Met Coal by 219.2% during the third quarter. UBS Group AG now owns 1,554,071 shares of the company's stock valued at $98,901,000 after purchasing an additional 1,067,247 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Insider Activity

In other news, insider Kelli K. Gant sold 20,000 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the insider owned 67,775 shares of the company's stock, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $98.15 on Monday. Warrior Met Coal has a 12-month low of $54.66 and a 12-month high of $110.39. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 23.59 and a beta of 0.65. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $85.78 and a 200-day moving average of $87.98.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to the consensus estimate 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 revenue was up 71.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. On average, equities research analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 10th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, August 10th. Warrior Met Coal's dividend payout ratio is 7.69%.

Analyst Ratings Changes

Several research analysts recently weighed in on HCC shares. Citigroup restated a "buy" rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. B. Riley Financial increased their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the company 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 note on Tuesday, August 11th. Zacks Research downgraded Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, UBS Group cut their price target on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $102.60.

Warrior Met Coal Company Profile

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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