Jupiter Topco LLC Takes $1.83 Million Position in Warrior Met Coal $HCC

Jupiter Topco LLC acquired a new stake in Warrior Met Coal (NYSE:HCC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,560 shares of the company's stock, valued at approximately $1,833,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Warrior Met Coal during the 2nd quarter worth approximately $606,503,000. Adage Capital Partners GP L.L.C. lifted its holdings 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 during the period. UBS Group AG lifted its holdings 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 worth $98,901,000 after purchasing an additional 1,067,247 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Warrior Met Coal by 2,821,294.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company's stock worth $87,067,000 after purchasing an additional 987,453 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company's stock worth $187,860,000 after purchasing an additional 825,807 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. UBS Group reduced their price target 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. B. Riley Financial increased their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a research note 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. Finally, Zacks Research downgraded Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $102.60.

Insider Activity

In related news, Director Stephen D. Williams sold 4,800 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the sale, the director owned 30,303 shares in the company, 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 the SEC website. Also, CEO Walter Scheller sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the sale, the chief executive officer directly owned 317,793 shares of the company's stock, valued at $33,368,265. This represents a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 104,800 shares of company stock valued at $11,250,304. Corporate insiders own 2.10% of the company's stock.

Warrior Met Coal Trading Down 5.1%

HCC opened at $103.00 on Friday. Warrior Met Coal has a twelve month low of $55.08 and a twelve month high of $111.42. 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 has a fifty day moving average of $89.36 and a 200-day moving average of $89.50. The stock has a market cap of $5.44 billion, a PE ratio of 24.76 and a beta of 0.67.

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 for the quarter, topping analysts' consensus estimates 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 net margin of 13.05% and a return on equity of 10.02%. Warrior Met Coal's quarterly revenue was up 71.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. On average, sell-side analysts predict that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given 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 7.69%.

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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