South Dakota Investment Council Reduces Holdings in Warrior Met Coal $HCC

South Dakota Investment Council lowered its holdings in shares of Warrior Met Coal (NYSE:HCC) by 92.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,172 shares of the company’s stock after selling 15,428 shares during the period. South Dakota Investment Council’s holdings in Warrior Met Coal were worth $109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its position in shares of Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after purchasing an additional 825,807 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after purchasing an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Warrior Met Coal by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after buying an additional 5,077 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in Warrior Met Coal by 12.0% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock valued at $144,355,000 after buying an additional 175,500 shares in the last quarter. Finally, UBS Group AG grew its holdings in Warrior Met Coal by 219.2% during the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after buying an additional 1,067,247 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 1.0%

Shares of NYSE HCC opened at $79.58 on Friday. The firm has a market cap of $4.20 billion, a P/E ratio of 30.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. 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 price is $87.57 and its 200 day moving average price is $88.62.

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

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be given a $0.08 dividend. The ex-dividend date of this dividend 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 payout ratio is currently 12.21%.

Analysts Set New Price Targets

Several research firms have weighed in on HCC. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 29th. Wall Street Zen downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Weiss Ratings cut Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 30th. Finally, B. Riley Financial boosted 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average target price of $103.00.

Insider Activity at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

About Warrior Met Coal

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.