Warrior Met Coal $HCC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in shares of Warrior Met Coal (NYSE:HCC) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,783,919 shares of the company’s stock after selling 68,916 shares during the period. Vanguard Group Inc. owned 11.00% of Warrior Met Coal worth $368,089,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Warrior Met Coal by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock valued at $1,473,000 after buying an additional 1,351 shares during the last quarter. Intech Investment Management LLC raised its stake in Warrior Met Coal by 14.6% during the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock valued at $1,661,000 after acquiring an additional 4,441 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in Warrior Met Coal by 8.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 42,032 shares of the company’s stock worth $1,926,000 after acquiring an additional 3,186 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Warrior Met Coal by 17.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,830 shares of the company’s stock valued at $313,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Warrior Met Coal in the 2nd quarter valued at approximately $207,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HCC. Jefferies Financial Group increased their price target on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. UBS Group set a $108.00 target price on shares of Warrior Met Coal and gave the company a “buy” rating in a report on Thursday, January 29th. BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Finally, Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Warrior Met Coal has an average rating of “Hold” and an average target price of $105.00.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $84.70 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.27 and a current ratio of 3.19. Warrior Met Coal has a one year low of $38.00 and a one year high of $105.35. The firm has a market capitalization of $4.45 billion, a P/E ratio of 77.71 and a beta of 0.65. The company’s fifty day moving average is $91.25 and its two-hundred day moving average is $76.26.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.18). The company had revenue of $383.99 million during the quarter, compared to analyst estimates of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. Analysts forecast that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 23rd will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, February 23rd. Warrior Met Coal’s dividend payout ratio (DPR) is presently 29.36%.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the sale, the chief executive officer owned 294,183 shares of the company’s stock, valued at $29,509,496.73. The trade was a 25.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider owned 70,580 shares in the company, valued at approximately $7,058,000. This represents a 12.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by 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.