Assenagon Asset Management S.A. Sells 214,137 Shares of Warrior Met Coal $HCC

Assenagon Asset Management S.A. cut its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 93.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,848 shares of the company's stock after selling 214,137 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Warrior Met Coal were worth $1,124,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its stake in Warrior Met Coal by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company's stock worth $677,000 after acquiring an additional 121 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Warrior Met Coal by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company's stock worth $1,060,000 after purchasing an additional 149 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Warrior Met Coal by 1.5% in the 1st quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company's stock worth $1,066,000 after purchasing an additional 172 shares in the last quarter. BTC Capital Management Inc. grew its stake in Warrior Met Coal by 3.0% during the 1st quarter. BTC Capital Management Inc. now owns 7,824 shares of the company's stock worth $729,000 after buying an additional 225 shares during the last quarter. Finally, Gotham Asset Management LLC grew its stake in Warrior Met Coal by 1.7% during the 4th quarter. Gotham Asset Management LLC now owns 13,213 shares of the company's stock worth $1,165,000 after buying an additional 227 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Stock Performance

Shares of NYSE:HCC opened at $98.15 on Friday. The firm has a market cap of $5.18 billion, a PE ratio of 23.59 and a beta of 0.65. Warrior Met Coal has a 12-month low of $54.66 and a 12-month 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. The company's 50 day moving average price is $85.78 and its two-hundred day moving average price is $87.99.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. During the same quarter last year, the business posted $0.11 EPS. The firm's revenue for the quarter was up 71.3% on a year-over-year basis. Equities research analysts predict 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. Stockholders of record on Monday, August 10th will be paid a $0.08 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal's dividend payout ratio (DPR) is presently 7.69%.

Insider Activity

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the business'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 completion of the transaction, the insider 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on HCC. Citigroup reaffirmed a "buy" rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Zacks Research downgraded Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Warrior Met Coal from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. UBS Group lowered 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. Finally, Weiss Ratings upgraded Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Warrior Met Coal has an average rating of "Moderate Buy" and an average price target of $102.60.

Warrior Met Coal 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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