Empowered Funds LLC bought a new stake in Warrior Met Coal (NYSE:HCC – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,254 shares of the company’s stock, valued at approximately $2,293,000. Empowered Funds LLC owned 0.05% of Warrior Met Coal as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Warrior Met Coal by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,351 shares during the period. Intech Investment Management LLC boosted its position in shares of Warrior Met Coal by 14.6% during the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock valued at $1,661,000 after purchasing an additional 4,441 shares in the last quarter. Hsbc Holdings PLC grew its stake in Warrior Met Coal by 7.7% during the second quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock worth $300,000 after purchasing an additional 464 shares during the period. EverSource Wealth Advisors LLC grew its stake in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the period. Finally, Marshall Wace LLP increased its holdings in Warrior Met Coal by 75.1% in the second quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock worth $462,000 after purchasing an additional 4,324 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.
Warrior Met Coal Stock Performance
Shares of Warrior Met Coal stock opened at $108.74 on Thursday. The business has a 50-day simple moving average of $88.99 and a 200 day simple moving average of $89.38. Warrior Met Coal has a one year low of $54.66 and a one year high of $111.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 26.14 and a beta of 0.67.
Warrior Met Coal Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 7.69%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on HCC shares. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. B. Riley Financial lifted their price objective 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. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, UBS Group cut their target price on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus target price of $102.60.
Read Our Latest Research Report on Warrior Met Coal
Insiders Place Their Bets
In other Warrior Met Coal news, Director Stephen D. Williams sold 4,800 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the sale, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the transaction, the chief executive officer owned 317,793 shares in the company, valued at approximately $33,368,265. The trade was a 13.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is owned by company insiders.
Warrior Met Coal Profile
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.
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