Maple Rock Capital Partners Inc. Buys 110,500 Shares of Warrior Met Coal $HCC

Key Points

• Maple Rock Capital Partners increased its Warrior Met Coal stake by 77.2%, buying 110,500 shares to hold 253,559 shares worth approximately $20.6 million. Institutional investors collectively own 92.28% of the company.
• Analyst sentiment remains favorable, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $102.60. Recent targets range from UBS’s $98 to B. Riley’s $123.
• Warrior Met Coal reported strong quarterly results, posting $1.65 in earnings per share versus the $1.40 estimate and revenue of $509.69 million, up 71.3% year over year. However, insiders sold 104,800 shares worth $11.25 million over the past 90 days.

Maple Rock Capital Partners Inc. boosted its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 77.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,559 shares of the company's stock after acquiring an additional 110,500 shares during the period. Maple Rock Capital Partners Inc. owned 0.48% of Warrior Met Coal worth $20,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $31,000. Meeder Asset Management Inc. bought a new position in shares of Warrior Met Coal in the fourth quarter worth $31,000. EverSource Wealth Advisors LLC increased its position in shares of Warrior Met Coal by 217.2% in the second 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 period. Parallel Advisors LLC raised its stake in Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company's stock valued at $36,000 after purchasing an additional 302 shares in the last quarter. Finally, IFP Advisors Inc acquired a new position in Warrior Met Coal in the fourth quarter valued at about $37,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HCC has been the subject of several recent analyst reports. Wall Street Zen raised shares of Warrior Met Coal from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research lowered shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. 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. Citigroup reaffirmed a "buy" rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Finally, B. Riley Financial increased their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Warrior Met Coal presently has an average rating of "Moderate Buy" and an average target price of $102.60.

Insider Buying and Selling

In other Warrior Met Coal news, 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 sale, the chief executive officer owned 267,793 shares in the company, valued at $29,457,230. This trade represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen D. Williams sold 4,800 shares of the business's stock in a transaction on 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 directly owned 30,303 shares in the company, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 104,800 shares of company stock worth $11,250,304 in the last 90 days. Company insiders own 2.10% of the company's stock.

Warrior Met Coal Stock Up 1.1%

Shares of NYSE HCC opened at $108.30 on Tuesday. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 26.03 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 stock has a 50-day moving average price of $88.11 and a two-hundred day moving average price of $89.11.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. As a group, analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors 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 yield of 0.3%. Warrior Met Coal's dividend payout ratio is presently 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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