UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Warrior Met Coal $HCC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Warrior Met Coal (NYSE:HCC) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,189 shares of the company’s stock after acquiring an additional 8,207 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Warrior Met Coal were worth $7,482,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Warrior Met Coal during the second quarter valued at about $606,503,000. Adage Capital Partners GP L.L.C. boosted its holdings in 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 purchasing an additional 1,069,025 shares during the last quarter. UBS Group AG grew its position in Warrior Met Coal by 219.2% in the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after purchasing an additional 1,067,247 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after purchasing an additional 987,453 shares in the last quarter. Finally, State Street Corp increased its stake in Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $104.50 on Tuesday. The business’s 50 day simple moving average is $90.29 and its 200 day simple moving average is $89.77. Warrior Met Coal has a 12 month low of $55.77 and a 12 month high of $111.42. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 25.12 and a beta of 0.67. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $488.46 million. During the same period last year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 71.3% on a year-over-year basis. Sell-side analysts forecast that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Dividend Announcement

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

Insider Transactions at Warrior Met Coal

In other news, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The shares were 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 $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Walter Scheller sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the sale, the chief executive officer directly owned 267,793 shares in the company, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 104,800 shares of company stock worth $11,250,304 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on HCC shares. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. B. Riley Financial increased their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. UBS Group dropped their price target on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target of $102.60.

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.