Persistent Asset Partners Ltd Sells 12,483 Shares of Warrior Met Coal $HCC

Persistent Asset Partners Ltd lowered its holdings in Warrior Met Coal (NYSE:HCC) by 77.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,716 shares of the company’s stock after selling 12,483 shares during the period. Persistent Asset Partners Ltd’s holdings in Warrior Met Coal were worth $236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. L1 Capital Pty Ltd increased its stake in shares of Warrior Met Coal by 175.8% during the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after purchasing an additional 1,262,736 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after purchasing an additional 1,069,025 shares during the period. State Street Corp increased its position in Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after buying an additional 825,807 shares during the last quarter. QV Investors Inc. bought a new stake in shares of Warrior Met Coal in the third quarter valued at $10,549,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Warrior Met Coal by 9.2% in the third quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after buying an additional 130,396 shares during the period. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Trading Down 1.9%

Shares of HCC stock opened at $85.39 on Friday. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $105.35. The business’s fifty day moving average is $90.97 and its 200 day moving average is $75.20. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.27 and a current ratio of 3.19. The company has a market capitalization of $4.49 billion, a PE ratio of 78.34 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results 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). The business had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The business’s revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. On average, equities research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

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 currently 29.36%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. UBS Group set a $108.00 target price on shares of Warrior Met Coal and gave the stock a “buy” rating in a research report on Thursday, January 29th. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Jefferies Financial Group boosted their price target 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 raised 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $105.00.

Insiders Place Their Bets

In related news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider directly owned 70,580 shares in the company, valued at approximately $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 294,183 shares in the company, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their position. The SEC filing for this sale provides additional information. 2.10% of the stock is owned by corporate insiders.

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.