Waratah Capital Advisors Ltd. Invests $3.65 Million in Warrior Met Coal $HCC

Waratah Capital Advisors Ltd. bought a new position in Warrior Met Coal (NYSE:HCC) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 57,362 shares of the company’s stock, valued at approximately $3,651,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Warrior Met Coal by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock worth $58,210,000 after acquiring an additional 15,851 shares during the period. Allianz Asset Management GmbH boosted its holdings in Warrior Met Coal by 9.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after purchasing an additional 130,396 shares during the period. QV Investors Inc. purchased a new position in shares of Warrior Met Coal during the 3rd quarter valued at $10,549,000. Affinity Wealth Management LLC purchased a new position in shares of Warrior Met Coal during the 3rd quarter valued at $2,167,000. Finally, Creative Planning increased its holdings in shares of Warrior Met Coal by 15.7% in the second quarter. Creative Planning now owns 24,376 shares of the company’s stock worth $1,117,000 after purchasing an additional 3,312 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Warrior Met Coal stock opened at $90.54 on Wednesday. The firm has a fifty day simple moving average of $91.21 and a two-hundred day simple moving average of $76.12. 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 has a twelve month low of $38.00 and a twelve month high of $105.35. The company has a market capitalization of $4.76 billion, a PE ratio of 83.06 and a beta of 0.65.

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

Warrior Met Coal Announces Dividend

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

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.

Analysts Set New Price Targets

Several research firms recently issued reports on HCC. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. UBS Group set a $108.00 price target on shares of Warrior Met Coal and gave the stock a “buy” rating in a research note on Thursday, January 29th. Jefferies Financial Group raised 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, BMO Capital Markets lifted their price objective 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. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $105.00.

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.