Bank of Nova Scotia Takes Position in Warrior Met Coal $HCC

Bank of Nova Scotia purchased a new stake in Warrior Met Coal (NYSE:HCC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,362 shares of the company's stock, valued at approximately $1,409,000.

Several other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Warrior Met Coal by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company's stock worth $1,473,000 after acquiring an additional 1,351 shares during the last quarter. Intech Investment Management LLC increased its position in Warrior Met Coal by 14.6% in the first quarter. Intech Investment Management LLC now owns 34,812 shares of the company's stock worth $1,661,000 after purchasing an additional 4,441 shares during the period. Hsbc Holdings PLC increased its position in Warrior Met Coal by 7.7% in the second quarter. Hsbc Holdings PLC now owns 6,479 shares of the company's stock worth $300,000 after purchasing an additional 464 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after purchasing an additional 467 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Warrior Met Coal by 75.1% during 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 during the period. Institutional investors and hedge funds own 92.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on HCC shares. Zacks Research cut shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. B. Riley Financial raised their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. UBS Group dropped their target price on shares of 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. Weiss Ratings upgraded Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $102.60.

Insider Activity

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the insider owned 67,775 shares in the company, valued at approximately $7,455,250. The trade was a 22.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the transaction, the chief executive officer owned 267,793 shares of the company's stock, valued at $29,457,230. The trade was a 15.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 124,800 shares of company stock worth $13,450,304 over the last three months. Corporate insiders own 2.10% of the company's stock.

Warrior Met Coal Trading Down 0.1%

NYSE HCC opened at $105.15 on Thursday. Warrior Met Coal has a one year low of $54.66 and a one year high of $111.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The firm has a market cap of $5.55 billion, a P/E ratio of 25.28 and a beta of 0.65. The stock's 50-day moving average is $87.01 and its 200-day moving average is $88.76.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 71.3% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Sell-side analysts anticipate that Warrior Met Coal will post 5.74 earnings per share 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. Shareholders of record on Monday, August 10th were paid a $0.08 dividend. The ex-dividend date of this dividend was 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 currently 7.69%.

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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