Goehring & Rozencwajg Associates LLC Takes Position in Warrior Met Coal $HCC

Goehring & Rozencwajg Associates LLC purchased a new position in shares of Warrior Met Coal (NYSE:HCC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 598,113 shares of the company’s stock, valued at approximately $55,714,000. Warrior Met Coal accounts for 3.0% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 13th biggest holding.

Several other large investors have also recently bought and sold shares of HCC. Meeder Asset Management Inc. purchased a new position in Warrior Met Coal in the 4th quarter valued at approximately $31,000. Parallel Advisors LLC increased its position in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after buying an additional 302 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Warrior Met Coal in the fourth quarter valued at $37,000. EverSource Wealth Advisors LLC raised 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 buying an additional 467 shares during the last quarter. Finally, Bayforest Capital Ltd acquired a new position in shares of Warrior Met Coal during the 4th quarter worth $63,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Buying and Selling at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of the company’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 transaction of $2,200,000.00. Following the transaction, the insider owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. This represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. Weiss Ratings cut shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. UBS Group reduced their price target on shares of Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. 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. Finally, Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Warrior Met Coal Stock Down 1.6%

HCC opened at $82.03 on Thursday. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.33 billion, a P/E ratio of 31.31 and a beta of 0.65. Warrior Met Coal has a 52 week low of $48.77 and a 52 week high of $110.39. The business’s fifty day simple moving average is $88.96 and its 200 day simple moving average is $89.51.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The company’s revenue for the quarter was up 52.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.16) EPS. As a group, equities research analysts anticipate that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

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.