Ellsworth Advisors LLC Takes $897,000 Position in Warrior Met Coal $HCC

Ellsworth Advisors LLC acquired a new position in shares of Warrior Met Coal (NYSE:HCC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,171 shares of the company’s stock, valued at approximately $897,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its stake in Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares during the last quarter. Hantz Financial Services Inc. raised its position in Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after purchasing an additional 455 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Warrior Met Coal by 4,337.5% during the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after purchasing an additional 694 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in Warrior Met Coal by 919.6% during the third quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock worth $60,000 after purchasing an additional 846 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Warrior Met Coal in the 3rd quarter worth about $76,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HCC has been the topic of several recent research reports. UBS Group increased their price objective on Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, March 27th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Jefferies Financial Group increased their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Citigroup lifted their price target on shares of Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.40.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 100,000 shares of the 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 completion of the sale, the chief executive officer owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the firm’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 transaction of $1,000,000.00. Following the completion of the transaction, the insider owned 70,580 shares in the company, valued at $7,058,000. This represents a 12.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.10% of the company’s stock.

Warrior Met Coal Stock Down 1.3%

Shares of NYSE:HCC opened at $91.94 on Thursday. The stock has a market capitalization of $4.85 billion, a P/E ratio of 84.35 and a beta of 0.69. The stock’s 50-day moving average price is $88.21 and its 200-day moving average price is $81.07. The company has a current ratio of 3.19, a quick ratio of 2.27 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $105.35.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The company had revenue of $383.99 million during the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The company’s revenue was up 29.1% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. On average, equities analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd were given a $0.08 dividend. The ex-dividend date was Monday, February 23rd. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal’s payout ratio is presently 29.36%.

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.