Principal Financial Group Inc. Trims Stake in Warrior Met Coal $HCC

Principal Financial Group Inc. lessened its stake in Warrior Met Coal (NYSE:HCC) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,802 shares of the company’s stock after selling 6,775 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of Warrior Met Coal worth $16,152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Warrior Met Coal by 4.6% in 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 acquiring an additional 1,351 shares during the period. Intech Investment Management LLC grew its stake in shares of Warrior Met Coal by 14.6% in the first quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock worth $1,661,000 after purchasing an additional 4,441 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in Warrior Met Coal by 9.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,800 shares of the company’s stock valued at $999,000 after purchasing an additional 1,900 shares during the period. Moran Wealth Management LLC raised its position in Warrior Met Coal by 2.2% during the 2nd quarter. Moran Wealth Management LLC now owns 24,905 shares of the company’s stock valued at $1,141,000 after purchasing an additional 531 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in Warrior Met Coal by 4.9% in the 2nd quarter. TD Asset Management Inc now owns 43,888 shares of the company’s stock worth $2,011,000 after buying an additional 2,068 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Zacks Research cut shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. UBS Group set a $108.00 price objective on shares of Warrior Met Coal and gave the stock a “buy” rating in a report on Thursday, January 29th. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Finally, Wall Street Zen cut Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $93.50.

Warrior Met Coal Stock Up 5.7%

HCC stock opened at $94.15 on Tuesday. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $105.35. The business’s 50-day moving average is $90.04 and its two-hundred day moving average is $73.59. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 140.52 and a beta of 0.65.

Insider Buying and Selling

In other news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following 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. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the transaction, the chief executive officer directly owned 294,183 shares in the company, valued at approximately $29,509,496.73. The trade was a 25.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.10% of the company’s stock.

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.