M&T Bank Corp Purchases Shares of 34,538 Warrior Met Coal $HCC

Key Points

• M&T Bank Corp initiated a new stake in Warrior Met Coal, buying 34,538 shares in Q4 worth about $3.045 million, equal to roughly 0.07% ownership.
• Institutional investors own about 92.28% of HCC, with large managers such as Allianz, Victory Capital and Capital International materially increasing their positions.
• Analysts lean positive with a MarketBeat consensus of "Moderate Buy" and a $103.40 target after multiple upgrades (Citigroup to $100, Jefferies to $120); HCC trades near $87.72, has a $4.63B market cap and recently announced a $0.08 quarterly dividend (0.4% yield).

M&T Bank Corp purchased a new stake in Warrior Met Coal (NYSE:HCC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 34,538 shares of the company's stock, valued at approximately $3,045,000. M&T Bank Corp owned approximately 0.07% of Warrior Met Coal as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its stake in Warrior Met Coal by 9.2% in the third quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company's stock worth $98,239,000 after purchasing an additional 130,396 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Warrior Met Coal by 7.3% in the third quarter. Victory Capital Management Inc. now owns 818,593 shares of the company's stock worth $52,095,000 after purchasing an additional 55,416 shares in the last quarter. QV Investors Inc. acquired a new position in Warrior Met Coal in the third quarter worth $10,549,000. Capital International Investors boosted its stake in Warrior Met Coal by 27.1% in the third quarter. Capital International Investors now owns 852,403 shares of the company's stock worth $54,247,000 after purchasing an additional 181,975 shares in the last quarter. Finally, Affinity Wealth Management LLC acquired a new position in Warrior Met Coal in the third quarter worth $2,167,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on HCC shares. Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a research note on Sunday, February 15th. Citigroup boosted their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. B. Riley Financial reissued a "buy" rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Jefferies Financial Group boosted their price objective on Warrior Met Coal from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, January 20th. Finally, Zacks Research raised Warrior Met Coal from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $103.40.

Warrior Met Coal Trading Up 1.2%

NYSE HCC opened at $87.72 on Tuesday. The stock has a 50-day simple moving average of $87.79 and a 200 day simple moving average of $84.43. The company has a market capitalization of $4.63 billion, a PE ratio of 80.47 and a beta of 0.67. The company has a current ratio of 3.19, a quick ratio of 2.27 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 12 month low of $40.80 and a 12 month high of $105.35.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.18). The company had revenue of $383.99 million during the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The company's revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS. Research analysts forecast that Warrior Met Coal will post 7.79 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 7th. Investors of record on Friday, May 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, May 1st. Warrior Met Coal's dividend payout ratio is currently 29.36%.

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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