TD Asset Management Inc Sells 6,052 Shares of Warrior Met Coal $HCC

TD Asset Management Inc lessened its stake in Warrior Met Coal (NYSE:HCC) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,836 shares of the company’s stock after selling 6,052 shares during the quarter. TD Asset Management Inc’s holdings in Warrior Met Coal were worth $2,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HCC. Hantz Financial Services Inc. increased its stake in Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after purchasing an additional 455 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Warrior Met Coal by 4,337.5% during the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after acquiring an additional 694 shares in the last quarter. Strs Ohio purchased a new position in Warrior Met Coal in the 3rd quarter worth approximately $76,000. Finally, Smartleaf Asset Management LLC lifted its position in Warrior Met Coal by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock valued at $99,000 after acquiring an additional 168 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Trading Up 2.5%

NYSE:HCC opened at $83.95 on Thursday. Warrior Met Coal has a one year low of $38.00 and a one year high of $105.35. The business has a fifty day moving average price of $90.79 and a 200-day moving average price of $76.94. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 77.02 and a beta of 0.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The company had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 29.1% on a year-over-year basis. Sell-side analysts forecast that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 29.36%.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 100,000 shares of the company’s 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 owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 70,580 shares in the company, valued at approximately $7,058,000. This represents a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of research analyst reports. Zacks Research lowered Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. BMO Capital Markets lifted their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Jefferies Financial Group lifted their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, UBS Group set a $108.00 price objective on shares of Warrior Met Coal and gave the company a “buy” rating in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $105.00.

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.