Lifetime Wealth Management P.C. Acquires Shares of 39,087 Warrior Met Coal $HCC

Lifetime Wealth Management P.C. bought a new position in Warrior Met Coal (NYSE:HCC) during the 2nd quarter, HoldingsChannel reports. The fund bought 39,087 shares of the company’s stock, valued at approximately $3,172,000. Warrior Met Coal accounts for about 1.9% of Lifetime Wealth Management P.C.’s holdings, making the stock its 18th biggest holding.

Other hedge funds have also made changes to their positions in the company. Maryland State Retirement & Pension System grew its stake in shares of Warrior Met Coal by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company’s stock worth $677,000 after purchasing an additional 121 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Warrior Met Coal by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock valued at $1,060,000 after acquiring an additional 149 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in Warrior Met Coal by 1.5% during the 1st quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock worth $1,066,000 after acquiring an additional 172 shares during the last quarter. BTC Capital Management Inc. boosted its stake in Warrior Met Coal by 3.0% during the 1st quarter. BTC Capital Management Inc. now owns 7,824 shares of the company’s stock worth $729,000 after acquiring an additional 225 shares during the last quarter. Finally, Gotham Asset Management LLC grew its holdings in Warrior Met Coal by 1.7% during the fourth quarter. Gotham Asset Management LLC now owns 13,213 shares of the company’s stock valued at $1,165,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. UBS Group decreased their target price on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Warrior Met Coal has an average rating of “Moderate Buy” and a consensus target price of $102.60.

Warrior Met Coal Trading Up 3.0%

HCC opened at $108.42 on Friday. The company has a market cap of $5.72 billion, a P/E ratio of 26.06 and a beta of 0.65. 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 company’s 50 day moving average is $87.37 and its 200-day moving average is $88.89. Warrior Met Coal has a 1-year low of $54.66 and a 1-year high of $111.20.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The business had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 71.3% on a year-over-year basis. Equities research analysts predict 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. Investors of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 7.69%.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the transaction, the chief executive officer owned 267,793 shares of the company’s stock, valued at $29,457,230. This represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 in the company, valued at $7,455,250. The trade was a 22.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 124,800 shares of company stock valued at $13,450,304. 2.10% of the stock is owned by company insiders.

Warrior Met Coal 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.