Cibc World Market Inc. Takes $813,000 Position in Warrior Met Coal $HCC

Key Points

• CIBC World Markets acquired 10,021 shares of Warrior Met Coal worth approximately $813,000, while other institutional investors also established positions. Institutions and hedge funds collectively own 92.28% of the company.
• Warrior Met Coal reported quarterly EPS of $1.65, beating estimates of $1.40, while revenue rose 71.3% year over year to $509.69 million. The stock was trading near its 52-week high at $108.42.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $102.60, although insiders sold 124,800 shares worth approximately $13.45 million over the past three months.

Cibc World Market Inc. acquired a new stake in Warrior Met Coal (NYSE:HCC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,021 shares of the company's stock, valued at approximately $813,000.

Several other hedge funds have also added to or reduced their stakes in HCC. Bank of Nova Scotia acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $1,409,000. Kendall Capital Management acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth approximately $311,000. Quantbot Technologies LP bought a new stake in Warrior Met Coal during the second quarter worth $31,000. Allworth Financial LP bought a new position in shares of Warrior Met Coal in the 2nd quarter valued at about $39,000. Finally, NFJ Investment Group LLC acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth about $2,810,000. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Trading Up 3.0%

Shares of HCC opened at $108.42 on Friday. Warrior Met Coal has a 52-week low of $54.66 and a 52-week high of $111.20. The business's fifty day moving average is $87.37 and its 200-day moving average is $88.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 26.06 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million during 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%.Warrior Met Coal's revenue for the quarter was up 71.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 EPS. Equities analysts anticipate that Warrior Met Coal will post 5.74 EPS 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. Investors of record on Monday, August 10th were issued 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 dividend yield of 0.3%. Warrior Met Coal's payout ratio is 7.69%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. B. Riley Financial upped 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. Citigroup reissued a "buy" rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Zacks Research cut shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Finally, UBS Group reduced 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 report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $102.60.

Insider Buying and Selling

In related news, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares of the company's stock, valued at $3,158,481.69. This represents a 13.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 267,793 shares of the company's stock, valued at approximately $29,457,230. The trade was a 15.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 124,800 shares of company stock worth $13,450,304 in the last three months. 2.10% of the stock is owned by corporate insiders.

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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