Cibc World Market Inc. Acquires New Stake in Warrior Met Coal $HCC

Cibc World Market Inc. bought a new position in shares of Warrior Met Coal (NYSE:HCC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,021 shares of the company’s stock, valued at approximately $813,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Warrior Met Coal by 2,821,294.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after buying an additional 987,453 shares during the period. Ashoka WhiteOak Capital Pte Ltd bought a new stake in Warrior Met Coal in the 2nd quarter valued at about $11,394,000. Deutsche Bank AG bought a new stake in shares of Warrior Met Coal during the second quarter valued at approximately $10,641,000. Geode Capital Management LLC raised its holdings in Warrior Met Coal by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company’s stock worth $112,912,000 after buying an additional 37,057 shares during the last quarter. Finally, Hosking Partners LLP raised its holdings in shares of Warrior Met Coal by 2.9% in the 4th quarter. Hosking Partners LLP now owns 667,638 shares of the company’s stock worth $58,866,000 after acquiring an additional 19,030 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HCC has been the subject of several recent analyst reports. B. Riley Financial upped their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. 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. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, UBS Group decreased their price objective on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.60.

Warrior Met Coal Stock Up 3.0%

HCC opened at $108.42 on Friday. Warrior Met Coal has a 12 month low of $54.66 and a 12 month high of $111.20. The company has a 50 day moving average of $87.37 and a 200 day moving average of $88.89. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.72 billion, a PE ratio of 26.06 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 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 analyst estimates 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 revenue was up 71.3% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. On average, sell-side analysts expect that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Announces Dividend

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

Insiders Place Their Bets

In other news, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal 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 completion of the sale, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at $7,455,250. The trade was a 22.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 124,800 shares of company stock worth $13,450,304 in the last ninety days. 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.