Warrior Met Coal $HCC Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Warrior Met Coal stake by 128% in the first quarter, acquiring 148,909 additional shares and bringing its holdings to 265,254 shares worth approximately $24.7 million.
• Warrior Met Coal reported quarterly earnings of $1.65 per share, beating estimates of $1.40, while revenue reached $509.69 million—up 71.3% year over year and above expectations.
• Analysts maintain a favorable outlook, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $102.60; the company also pays a quarterly dividend of $0.08 per share.

Bank of America Corp DE increased its position in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 128.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,254 shares of the company's stock after acquiring an additional 148,909 shares during the period. Bank of America Corp DE owned approximately 0.50% of Warrior Met Coal worth $24,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Warrior Met Coal in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its stake in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after acquiring an additional 467 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company's stock worth $36,000 after acquiring an additional 302 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal in the 4th quarter worth $37,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Warrior Met Coal in the 4th quarter worth $63,000. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Price Performance

HCC opened at $98.40 on Tuesday. The firm has a market capitalization of $5.20 billion, a P/E ratio of 23.65 and a beta of 0.65. The stock has a fifty day moving average of $85.77 and a 200-day moving average of $88.02. 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 12-month low of $54.66 and a 12-month high of $110.39.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued 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 return on equity of 10.02% and a net margin of 13.05%.Warrior Met Coal's revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Equities analysts forecast that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal's dividend payout ratio (DPR) is presently 7.69%.

Wall Street Analysts Forecast Growth

HCC has been the subject of several analyst reports. B. Riley Financial upped their target price on Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. UBS Group cut their price objective on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Wall Street Zen upgraded Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Finally, Citigroup reiterated 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Warrior Met Coal presently has an average rating of "Moderate Buy" and a consensus price target of $102.60.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal 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 $7,455,250. The trade was a 22.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

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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