Royal Bank of Canada Raises Stock Holdings in Warrior Met Coal $HCC

Royal Bank of Canada boosted its position in shares of Warrior Met Coal (NYSE:HCCFree Report) by 13.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 49,026 shares of the company’s stock after acquiring an additional 5,996 shares during the quarter. Royal Bank of Canada owned about 0.09% of Warrior Met Coal worth $4,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HCC. Adage Capital Partners GP L.L.C. lifted its holdings in shares of 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 worth $86,574,000 after purchasing an additional 1,069,025 shares during the period. UBS Group AG increased its holdings in Warrior Met Coal by 219.2% in the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after buying an additional 1,067,247 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Warrior Met Coal by 2,821,294.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after buying an additional 987,453 shares during the last quarter. State Street Corp lifted its stake in Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after acquiring an additional 825,807 shares during the period. Finally, Goehring & Rozencwajg Associates LLC acquired a new stake in Warrior Met Coal during the 1st quarter valued at approximately $55,714,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HCC has been the subject of several recent research reports. B. Riley Financial raised their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, UBS Group lowered their price objective on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.60.

Read Our Latest Report on HCC

Warrior Met Coal Stock Down 2.4%

HCC stock opened at $94.37 on Friday. Warrior Met Coal has a 52 week low of $54.66 and a 52 week high of $110.39. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $85.82 and a 200-day simple moving average of $87.92. The stock has a market capitalization of $4.98 billion, a P/E ratio of 22.68 and a beta of 0.65.

Warrior Met Coal (NYSE:HCCGet Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The company had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. During the same period in the previous year, the firm posted $0.11 EPS. Warrior Met Coal’s revenue was up 71.3% compared to the same quarter last year. Equities analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be paid 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 0.3%. Warrior Met Coal’s payout ratio is currently 7.69%.

Insider Activity at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of the 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 of the company’s stock, valued at approximately $7,455,250. This represents a 22.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Warrior Met Coal Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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