Summit Street Capital Management LLC Makes New Investment in Warrior Met Coal $HCC

Summit Street Capital Management LLC acquired a new position in shares of Warrior Met Coal (NYSE:HCC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 317,202 shares of the company’s stock, valued at approximately $25,744,000. Warrior Met Coal accounts for about 3.6% of Summit Street Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding. Summit Street Capital Management LLC owned 0.60% of Warrior Met Coal as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Jupiter Topco LLC bought a new position in Warrior Met Coal during the second quarter valued at about $1,833,000. PDT Partners LLC bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $527,000. Canada Pension Plan Investment Board bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $6,452,000. Legal & General Group Plc acquired a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $9,676,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $2,534,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE HCC opened at $105.15 on Thursday. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 25.28 and a beta of 0.65. The company has a 50 day moving average of $87.01 and a 200-day moving average of $88.76. 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 has a 1-year low of $54.66 and a 1-year high of $111.20.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The company had revenue of $509.69 million during the quarter, compared to analysts’ expectations of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. Warrior Met Coal’s quarterly revenue was up 71.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, equities analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on HCC shares. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. B. Riley Financial raised their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Finally, UBS Group lowered their target price on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.60.

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the insider owned 67,775 shares in the company, valued at approximately $7,455,250. This represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen D. Williams sold 4,800 shares of the firm’s stock in a transaction on 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 sale, the director owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 124,800 shares of company stock worth $13,450,304. 2.10% of the stock is currently owned by insiders.

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.