23,300 Shares in Warrior Met Coal $HCC Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Warrior Met Coal (NYSE:HCC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,300 shares of the company’s stock, valued at approximately $2,170,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. BTC Capital Management Inc. raised its position in Warrior Met Coal by 3.0% during the first quarter. BTC Capital Management Inc. now owns 7,824 shares of the company’s stock worth $729,000 after acquiring an additional 225 shares during the last quarter. OP Asset Management Ltd acquired a new stake in shares of Warrior Met Coal in the first quarter valued at approximately $1,067,000. Ashoka WhiteOak Capital Pte Ltd increased its stake in shares of Warrior Met Coal by 207.2% during the 1st quarter. Ashoka WhiteOak Capital Pte Ltd now owns 131,232 shares of the company’s stock worth $12,365,000 after purchasing an additional 88,510 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Warrior Met Coal during the 1st quarter worth approximately $21,237,000. Finally, CENTRAL TRUST Co raised its position in shares of Warrior Met Coal by 65.8% during the 1st quarter. CENTRAL TRUST Co now owns 4,142 shares of the company’s stock worth $386,000 after purchasing an additional 1,644 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Shares of NYSE:HCC opened at $81.14 on Tuesday. The firm has a market capitalization of $4.28 billion, a PE ratio of 30.97 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42. The business has a 50-day moving average of $90.89 and a two-hundred day moving average of $89.95. Warrior Met Coal has a 12 month low of $43.43 and a 12 month high of $110.39.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data 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 firm had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. During the same period in the prior year, the firm earned ($0.16) earnings per share. The business’s revenue for the quarter was up 52.9% on a year-over-year basis. As a group, research analysts forecast that Warrior Met Coal will post 6.89 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, May 1st. Warrior Met Coal’s payout ratio is 12.21%.

Analyst Ratings Changes

Several equities analysts have weighed in on HCC shares. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. UBS Group reduced their target price on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, B. Riley Financial raised their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Four equities 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, the stock has an average rating of “Hold” and a consensus price target of $103.40.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the insider directly owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by company 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.