Van ECK Associates Corp Boosts Position in Warrior Met Coal $HCC

Van ECK Associates Corp boosted its stake in shares of Warrior Met Coal (NYSE:HCC) by 10.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 53,013 shares of the company’s stock after purchasing an additional 4,869 shares during the period. Van ECK Associates Corp’s holdings in Warrior Met Coal were worth $4,303,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HCC. Meeder Asset Management Inc. purchased a new position in shares of Warrior Met Coal during the fourth quarter worth approximately $31,000. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal in the second quarter valued at approximately $31,000. Parallel Advisors LLC boosted its holdings 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 purchasing an additional 302 shares during the period. IFP Advisors Inc bought a new position in Warrior Met Coal in the fourth quarter worth approximately $37,000. Finally, Allworth Financial LP purchased a new position in Warrior Met Coal during the 2nd quarter worth $39,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the sale, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 267,793 shares in the company, valued at $29,457,230. This represents a 15.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 104,800 shares of company stock worth $11,250,304. Company insiders own 2.10% of the company’s stock.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $103.00 on Friday. The company has a market capitalization of $5.44 billion, a PE ratio of 24.76 and a beta of 0.67. The company has a 50-day simple moving average of $89.36 and a two-hundred day simple moving average of $89.50. Warrior Met Coal has a one year low of $55.08 and a one year high of $111.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. Research analysts expect that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s payout ratio is currently 7.69%.

Wall Street Analysts Forecast Growth

HCC has been the topic of several research reports. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. B. Riley Financial boosted their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, UBS Group lowered their price target on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus 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.