Trek Financial LLC Invests $2.68 Million in Warrior Met Coal $HCC

Trek Financial LLC purchased a new position in shares of Warrior Met Coal (NYSE:HCC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 30,442 shares of the company’s stock, valued at approximately $2,684,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its position 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 worth $187,860,000 after buying an additional 825,807 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of 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 worth $86,574,000 after buying an additional 1,069,025 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $116,687,000 after buying an additional 5,077 shares during the period. UBS Group AG boosted its position in shares of Warrior Met Coal by 219.2% during the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after buying an additional 1,067,247 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Warrior Met Coal by 9.2% in the third quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after purchasing an additional 130,396 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Trading Up 1.3%

NYSE:HCC opened at $88.31 on Wednesday. The firm has a market cap of $4.66 billion, a PE ratio of 33.71 and a beta of 0.61. The stock has a fifty day moving average price of $88.16 and a 200 day moving average price of $85.87. Warrior Met Coal has a 12-month low of $40.80 and a 12-month high of $105.35. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The business had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. The firm’s quarterly revenue was up 52.9% on a year-over-year basis. Sell-side analysts anticipate that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a $0.08 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 12.21%.

Wall Street Analysts Forecast Growth

HCC has been the subject of a number of recent research reports. Weiss Ratings upgraded Warrior Met Coal from a “hold (c-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Jefferies Financial Group lifted their target price on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. UBS Group decreased their target price on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Citigroup lifted their target price on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $102.80.

Warrior Met Coal Company 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.