QV Investors Inc. Sells 35,880 Shares of Warrior Met Coal $HCC

Key Points

• QV Investors cut its Warrior Met Coal stake by 29.9% in the second quarter, selling 35,880 shares and retaining 84,095 shares valued at approximately $6.8 million. Institutional investors collectively own 92.28% of the company.
• Warrior Met Coal reported strong quarterly results, with EPS of $1.65 versus the $1.40 consensus and revenue of $509.69 million, up 71.3% year over year. Shares opened at $107.02, near their 52-week high of $111.20.
• Analysts maintain a generally favorable view, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $102.60. However, insiders sold 124,800 shares worth about $13.45 million during the latest quarter.

QV Investors Inc. trimmed its holdings in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 29.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,095 shares of the company's stock after selling 35,880 shares during the quarter. QV Investors Inc. owned 0.16% of Warrior Met Coal worth $6,825,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. purchased a new position in Warrior Met Coal in the second quarter worth $606,503,000. State Street Corp increased its position in shares of Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company's stock valued at $187,860,000 after purchasing an additional 825,807 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Warrior Met Coal by 130.4% during the 2nd 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 purchasing an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Warrior Met Coal by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company's stock worth $116,687,000 after purchasing an additional 5,077 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its stake in shares of Warrior Met Coal by 12.0% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company's stock worth $144,355,000 after purchasing an additional 175,500 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Insider Transactions at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the insider owned 67,775 shares of the company's stock, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen D. Williams sold 4,800 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were 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. The trade was a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 124,800 shares of company stock worth $13,450,304 over the last quarter. Corporate insiders own 2.10% of the company's stock.

Warrior Met Coal Stock Down 0.0%

Shares of NYSE HCC opened at $107.02 on Monday. Warrior Met Coal has a one year low of $54.66 and a one year high of $111.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The business's fifty day moving average price is $87.70 and its 200-day moving average price is $88.99. The stock has a market capitalization of $5.65 billion, a PE ratio of 25.73 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share 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 company had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same quarter last year, the firm posted $0.11 EPS. The firm's revenue for the quarter was up 71.3% on a year-over-year basis. On average, equities research analysts anticipate that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal's dividend payout ratio (DPR) is currently 7.69%.

Analyst Ratings Changes

Several equities analysts recently weighed in on HCC shares. B. Riley Financial increased their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. UBS Group lowered their price objective on shares of 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. Weiss Ratings upgraded shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Citigroup reissued a "buy" rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.60.

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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