Entropy Technologies LP Makes New Investment in Warrior Met Coal $HCC

Entropy Technologies LP bought a new position in Warrior Met Coal (NYSE:HCC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,438 shares of the company’s stock, valued at approximately $693,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCC. Northwestern Mutual Wealth Management Co. increased its stake in shares of Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after acquiring an additional 987,453 shares in the last quarter. M&T Bank Corp bought a new stake in Warrior Met Coal during the fourth quarter worth about $3,045,000. Geode Capital Management LLC boosted its stake 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 acquiring an additional 37,057 shares in the last quarter. Hosking Partners LLP grew its holdings in Warrior Met Coal by 2.9% in the fourth quarter. Hosking Partners LLP now owns 667,638 shares of the company’s stock worth $58,866,000 after purchasing an additional 19,030 shares during the period. Finally, Moran Wealth Management LLC grew its holdings in Warrior Met Coal by 25.8% in the fourth quarter. Moran Wealth Management LLC now owns 31,132 shares of the company’s stock worth $2,745,000 after purchasing an additional 6,392 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Buying and Selling at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the insider owned 67,775 shares of the company’s stock, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $79.08 on Thursday. Warrior Met Coal has a 1 year low of $49.07 and a 1 year high of $110.39. The firm’s 50-day moving average is $87.76 and its 200 day moving average is $88.80. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 30.18 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The firm’s revenue for the quarter was up 52.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.16) earnings per share. Sell-side analysts anticipate that Warrior Met Coal will post 5.83 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.08 per share. The ex-dividend date is Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio is presently 12.21%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HCC. B. Riley Financial raised their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings downgraded Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Finally, Wall Street Zen lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $103.00.

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.