NFJ Investment Group LLC Invests $2.81 Million in Warrior Met Coal $HCC

Key Points

• NFJ Investment Group acquired 34,626 Warrior Met Coal shares worth approximately $2.81 million, while institutional investors collectively own 92.28% of the company.
• Warrior Met Coal reported quarterly EPS of $1.65, exceeding estimates of $1.40, with revenue rising 71.3% year over year to $509.69 million.
• HCC traded near $103.39, close to its 52-week high, and analysts maintained an overall “Moderate Buy” rating with a consensus price target of $102.60.

NFJ Investment Group LLC acquired a new stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,626 shares of the company's stock, valued at approximately $2,810,000. NFJ Investment Group LLC owned 0.07% of Warrior Met Coal as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HCC. BlackRock Inc. bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at $606,503,000. State Street Corp grew its holdings 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 acquiring an additional 825,807 shares during the period. Adage Capital Partners GP L.L.C. increased its position in 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 valued at $86,574,000 after acquiring an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company's stock valued at $116,687,000 after acquiring an additional 5,077 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its holdings in Warrior Met Coal by 12.0% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company's stock valued at $144,355,000 after acquiring an additional 175,500 shares during the period. Hedge funds and other institutional investors own 92.28% of the company's stock.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This represents a 22.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company's stock.

Warrior Met Coal Stock Down 1.6%

HCC opened at $103.39 on Friday. The company has a market capitalization of $5.46 billion, a PE ratio of 24.85 and a beta of 0.65. The firm has a 50-day simple moving average of $86.20 and a two-hundred day simple moving average of $88.27. 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 has a 52 week low of $54.66 and a 52 week high of $110.39.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The firm had revenue of $509.69 million for the quarter, compared to analysts' expectations of $488.46 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The business's revenue was up 71.3% compared to the same quarter last year. Analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal's dividend payout ratio is 7.69%.

Analysts Set New Price Targets

Several research analysts have issued reports on HCC shares. Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Citigroup reiterated a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. B. Riley Financial raised their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. UBS Group cut 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. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Warrior Met Coal currently has an average rating of "Moderate Buy" and a consensus target price 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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