NewEdge Advisors LLC Invests $481,000 in Warrior Met Coal $HCC

NewEdge Advisors LLC bought a new stake in Warrior Met Coal (NYSE:HCC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,165 shares of the company’s stock, valued at approximately $481,000.

Several other large investors have also recently bought and sold shares of the business. Maryland State Retirement & Pension System lifted its holdings in Warrior Met Coal by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company’s stock worth $677,000 after buying an additional 121 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Warrior Met Coal by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock valued at $1,060,000 after acquiring an additional 149 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Warrior Met Coal by 1.5% in the 1st quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock valued at $1,066,000 after acquiring an additional 172 shares during the last quarter. BTC Capital Management Inc. raised its position in shares of Warrior Met Coal by 3.0% during the 1st quarter. BTC Capital Management Inc. now owns 7,824 shares of the company’s stock worth $729,000 after acquiring an additional 225 shares in the last quarter. Finally, Gotham Asset Management LLC raised its position in shares of Warrior Met Coal by 1.7% during the 4th quarter. Gotham Asset Management LLC now owns 13,213 shares of the company’s stock worth $1,165,000 after acquiring an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Buying and Selling at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the sale, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen D. Williams sold 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the transaction, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 74,800 shares of company stock worth $7,950,304. 2.10% of the stock is owned by insiders.

Warrior Met Coal Stock Up 3.2%

HCC opened at $106.68 on Friday. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The stock has a market capitalization of $5.63 billion, a P/E ratio of 25.64 and a beta of 0.65. The business’s 50-day simple moving average is $86.37 and its 200-day simple moving average is $88.40.

Warrior Met Coal (NYSE:HCC) last announced 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 return on equity of 10.02% and a net margin of 13.05%.The business’s revenue was up 71.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. Analysts anticipate that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a $0.08 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s payout ratio is currently 7.69%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HCC shares. UBS Group lowered their price target on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial increased 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 report on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

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.