The Manufacturers Life Insurance Company Takes Position in Warrior Met Coal $HCC

The Manufacturers Life Insurance Company purchased a new stake in Warrior Met Coal (NYSE:HCC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 31,220 shares of the company’s stock, valued at approximately $2,534,000. The Manufacturers Life Insurance Company owned 0.06% of Warrior Met Coal as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Warrior Met Coal by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock valued at $1,473,000 after buying an additional 1,351 shares in the last quarter. Intech Investment Management LLC raised its stake in Warrior Met Coal by 14.6% during the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock valued at $1,661,000 after purchasing an additional 4,441 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Warrior Met Coal by 7.7% in the second quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock valued at $300,000 after purchasing an additional 464 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of Warrior Met Coal by 75.1% during the second quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock valued at $462,000 after buying an additional 4,324 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research lowered 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. 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. B. Riley Financial lifted 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. Finally, UBS Group dropped their price target on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average target price of $102.60.

Insiders Place Their Bets

In related news, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal 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 of the company’s stock, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the completion of the sale, the chief executive officer owned 317,793 shares of the company’s stock, valued at $33,368,265. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 104,800 shares of company stock worth $11,250,304 in the last 90 days. 2.10% of the stock is owned by insiders.

Warrior Met Coal Trading Up 2.4%

NYSE:HCC opened at $108.74 on Thursday. The stock’s 50 day moving average price is $88.99 and its 200 day moving average price is $89.38. Warrior Met Coal has a 52 week low of $54.66 and a 52 week high of $111.42. The company has a market capitalization of $5.74 billion, a P/E ratio of 26.14 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating 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 company’s revenue was up 71.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, research analysts forecast that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

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

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.