Warrior Met Coal $HCC Stock: State of Alaska Department of Revenue Lowers Position

State of Alaska Department of Revenue lowered its holdings in shares of Warrior Met Coal (NYSE:HCC) by 37.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,930 shares of the company’s stock after selling 6,459 shares during the quarter. State of Alaska Department of Revenue’s holdings in Warrior Met Coal were worth $962,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Warrior Met Coal in the 2nd quarter worth about $606,503,000. Renaissance Technologies LLC increased its stake in Warrior Met Coal by 22.6% during the 1st quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock worth $75,524,000 after buying an additional 149,600 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Warrior Met Coal during the first quarter valued at approximately $55,714,000. Bank of New York Mellon Corp acquired a new position in shares of Warrior Met Coal during the second quarter valued at approximately $31,201,000. Finally, Summit Street Capital Management LLC acquired a new position in shares of Warrior Met Coal during the second quarter valued at approximately $25,744,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HCC. Royal Bank Of Canada upped their target price on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 16th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Finally, UBS Group upped their price objective on shares of Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and an average target price of $104.50.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the sale, the chief executive officer directly owned 267,793 shares in the company, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen 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 in the company, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is owned by corporate insiders.

Warrior Met Coal Stock Up 0.2%

Shares of NYSE:HCC opened at $84.29 on Thursday. The business has a 50-day moving average price of $96.09 and a 200 day moving average price of $90.75. 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 capitalization of $4.45 billion, a price-to-earnings ratio of 20.26 and a beta of 0.72. Warrior Met Coal has a 12-month low of $61.87 and a 12-month high of $111.42.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The firm 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%. The firm’s quarterly revenue was up 71.3% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. Sell-side analysts expect that Warrior Met Coal will post 6.71 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 annualized dividend and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is 7.69%.

Warrior Met Coal Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.