Warrior Met Coal $HCC Shares Sold by First Trust Advisors LP

Key Points

• First Trust Advisors sharply reduced its Warrior Met Coal stake by 97.2% in the first quarter, selling 395,545 shares and retaining 11,265 shares worth approximately $1.05 million. Institutional investors and hedge funds collectively own 92.28% of the company.
• Warrior Met Coal reported quarterly EPS of $1.65, beating estimates of $1.40, while revenue rose 71.3% year over year to $509.69 million. The stock recently traded at $95.37, up 3.7%.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $102.60. The company also declared a quarterly dividend of $0.08 per share, equivalent to a 0.3% annual yield.

First Trust Advisors LP reduced its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 97.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,265 shares of the company's stock after selling 395,545 shares during the quarter. First Trust Advisors LP's holdings in Warrior Met Coal were worth $1,049,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company's stock valued at $187,860,000 after acquiring an additional 825,807 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in Warrior Met Coal by 130.4% in 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 lifted its position in Warrior Met Coal by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company's stock valued at $116,687,000 after purchasing an additional 5,077 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its stake in 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 valued at $144,355,000 after purchasing an additional 175,500 shares during the period. Finally, UBS Group AG boosted its stake in Warrior Met Coal by 219.2% during the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company's stock valued at $98,901,000 after purchasing an additional 1,067,247 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Trading Up 3.7%

Shares of NYSE:HCC opened at $95.37 on Tuesday. The company has a 50 day moving average of $86.47 and a 200-day moving average of $87.97. 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 firm has a market cap of $5.04 billion, a P/E ratio of 22.93 and a beta of 0.65. Warrior Met Coal has a twelve month low of $54.66 and a twelve month high of $110.39.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.11 earnings per share. As a group, analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal's dividend payout ratio (DPR) is 7.69%.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was 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 approximately $7,455,250. The trade was a 22.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group dropped their price target on shares of Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday. Citigroup restated a "buy" rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. B. Riley Financial lifted their target price on Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. Finally, Zacks Research upgraded Warrior Met Coal from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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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