Persistent Asset Partners Ltd Has $236,000 Holdings in Warrior Met Coal $HCC

Persistent Asset Partners Ltd trimmed its holdings in Warrior Met Coal (NYSE:HCC) by 77.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,716 shares of the company’s stock after selling 12,483 shares during the period. Persistent Asset Partners Ltd’s holdings in Warrior Met Coal were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HCC. Hantz Financial Services Inc. grew 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 worth $40,000 after buying an additional 455 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Warrior Met Coal by 217.2% during the 2nd 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 period. Jones Financial Companies Lllp grew its holdings in shares of Warrior Met Coal by 4,337.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after purchasing an additional 694 shares in the last quarter. Strs Ohio acquired a new stake in shares of Warrior Met Coal during the 3rd quarter worth $76,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Warrior Met Coal by 12.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after purchasing an additional 168 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the completion of the transaction, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. This trade represents a 25.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.00, 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 trade represents a 12.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.10% of the company’s stock.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $85.39 on Friday. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 78.34 and a beta of 0.65. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $105.35. The company’s fifty day moving average is $90.97 and its 200 day moving average is $75.20. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last announced its earnings results 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 for the quarter, compared to analyst estimates of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The firm’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. Sell-side analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 23rd will be issued a $0.08 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.32 annualized dividend and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio is presently 29.36%.

Analyst Upgrades and Downgrades

HCC has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. BMO Capital Markets upped 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 report on Thursday, November 6th. UBS Group set a $108.00 price target on shares of Warrior Met Coal and gave the stock a “buy” rating in a research report on Thursday, January 29th. Jefferies Financial Group boosted their price objective 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. Finally, B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $105.00.

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.