Lifetime Wealth Management P.C. Makes New Investment in Warrior Met Coal $HCC

Key Points

• Lifetime Wealth Management initiated a 39,087-share position in Warrior Met Coal worth approximately $3.17 million, representing 1.9% of its portfolio. Institutional investors collectively own 92.28% of the company.
• Warrior Met Coal reported quarterly EPS of $1.65, exceeding the $1.40 analyst estimate, while revenue rose 71.3% year over year to $509.69 million. Shares recently traded at $108.42, near the company’s 12-month high of $111.20.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $102.60 price target, although insiders sold 124,800 shares worth approximately $13.45 million during the last quarter.

Lifetime Wealth Management P.C. bought a new position in shares of Warrior Met Coal (NYSE:HCC - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,087 shares of the company's stock, valued at approximately $3,172,000. Warrior Met Coal makes up 1.9% of Lifetime Wealth Management P.C.'s investment portfolio, making the stock its 18th biggest holding. Lifetime Wealth Management P.C. owned approximately 0.07% of Warrior Met Coal at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HCC. Northwestern Mutual Wealth Management Co. boosted its position 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 buying an additional 987,453 shares during the period. Ashoka WhiteOak Capital Pte Ltd acquired a new position in Warrior Met Coal during the 2nd quarter worth approximately $11,394,000. Deutsche Bank AG acquired a new position in Warrior Met Coal during the 2nd quarter worth approximately $10,641,000. Geode Capital Management LLC boosted its holdings in Warrior Met Coal by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company's stock worth $112,912,000 after acquiring an additional 37,057 shares during the period. Finally, Hosking Partners LLP boosted its holdings in Warrior Met Coal by 2.9% in the 4th quarter. Hosking Partners LLP now owns 667,638 shares of the company's stock worth $58,866,000 after acquiring an additional 19,030 shares during the period. Institutional investors and hedge funds own 92.28% of the company's stock.

Insider Transactions at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the 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 transaction, the insider owned 67,775 shares of the company's stock, valued at approximately $7,455,250. This represents a 22.79% decrease in their position. The sale 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 that occurred on 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 directly owned 267,793 shares in the company, valued at $29,457,230. The trade was a 15.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 124,800 shares of company stock worth $13,450,304. 2.10% of the stock is owned by corporate insiders.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $108.42 on Friday. The company's fifty day moving average is $87.37 and its two-hundred day moving average is $88.89. The company has a market cap of $5.72 billion, a P/E ratio of 26.06 and a beta of 0.65. Warrior Met Coal has a 12-month low of $54.66 and a 12-month high of $111.20. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 13.05% and a return on equity of 10.02%. Warrior Met Coal's revenue for the quarter was up 71.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Equities analysts expect that Warrior Met Coal will post 5.74 earnings per share 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. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal's payout ratio is currently 7.69%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HCC. Zacks Research lowered shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. B. Riley Financial upped their price target 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. Wall Street Zen raised shares of Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. UBS Group lowered 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 note on Thursday, August 6th. Finally, Citigroup reissued a "buy" rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. 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, Warrior Met Coal presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.60.

About Warrior Met Coal

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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