Wellington Management Group LLP decreased its holdings in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 35.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,761 shares of the company's stock after selling 192,577 shares during the quarter. Wellington Management Group LLP owned about 0.65% of Warrior Met Coal worth $27,981,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System raised its position in Warrior Met Coal by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company's stock valued at $677,000 after purchasing an additional 121 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Warrior Met Coal by 1.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company's stock worth $1,060,000 after buying an additional 149 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Warrior Met Coal by 1.5% in the first quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company's stock valued at $1,066,000 after buying an additional 172 shares in the last quarter. BTC Capital Management Inc. raised its holdings in shares of Warrior Met Coal by 3.0% during the 1st quarter. BTC Capital Management Inc. now owns 7,824 shares of the company's stock valued at $729,000 after buying an additional 225 shares during the period. Finally, Gotham Asset Management LLC raised its holdings in shares of Warrior Met Coal by 1.7% during the 4th quarter. Gotham Asset Management LLC now owns 13,213 shares of the company's stock valued at $1,165,000 after buying an additional 227 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Stephen Williams sold 4,800 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the sale, the chief executive officer owned 317,793 shares of the company's stock, valued at $33,368,265. This trade represents a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is currently owned by company insiders.
Warrior Met Coal Price Performance
Shares of HCC stock opened at $104.50 on Friday. The firm has a fifty day moving average of $89.82 and a two-hundred day moving average of $89.61. The firm has a market cap of $5.52 billion, a P/E ratio of 25.12 and a beta of 0.67. Warrior Met Coal has a 1-year low of $55.77 and a 1-year high of $111.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79.
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, 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 company's revenue for the quarter was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. As a group, research 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 announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued 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 of this dividend was Monday, August 10th. Warrior Met Coal's dividend payout ratio (DPR) is currently 7.69%.
Analyst Ratings Changes
A number of research firms have weighed in on HCC. B. Riley Financial upped their price target on Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. Citigroup reiterated a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. UBS Group reduced their target price 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 raised shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Finally, Zacks Research downgraded shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $102.60.
Get Our Latest Stock Analysis on Warrior Met Coal
About Warrior Met Coal
(
Free Report)
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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