Schwab Charles Investment Management Inc. grew its position in Warrior Met Coal LLC (NYSE:HCC) by 5.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,325 shares of the company’s stock after acquiring an additional 3,673 shares during the period. Schwab Charles Investment Management Inc. owned about 0.12% of Warrior Met Coal worth $1,564,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Warrior Met Coal during the 3rd quarter valued at about $135,000. The Manufacturers Life Insurance Company acquired a new position in Warrior Met Coal in the 2nd quarter valued at about $219,000. Tudor Investment Corp ET AL acquired a new position in Warrior Met Coal in the 2nd quarter valued at about $223,000. Royal Bank of Canada acquired a new position in Warrior Met Coal in the 2nd quarter valued at about $228,000. Finally, Wells Fargo & Company MN boosted its holdings in Warrior Met Coal by 1,492,900.0% in the 3rd quarter. Wells Fargo & Company MN now owns 14,930 shares of the company’s stock valued at $352,000 after purchasing an additional 14,929 shares during the last quarter. Institutional investors and hedge funds own 99.05% of the company’s stock.
Several brokerages have recently commented on HCC. B. Riley restated a “neutral” rating on shares of Warrior Met Coal in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Monday, October 16th. Royal Bank of Canada lowered shares of Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 target price on the stock. in a report on Monday, December 4th. Macquarie upgraded shares of Warrior Met Coal from an “underperform” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Seaport Global Securities lowered shares of Warrior Met Coal from a “buy” rating to a “neutral” rating in a report on Wednesday, October 18th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.67.
In other Warrior Met Coal news, Director Stephen D. Williams sold 18,742 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $28.00, for a total transaction of $524,776.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $560,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Franklin Mutual Advisers Llc sold 4,237 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total transaction of $86,689.02. The disclosure for this sale can be found here.
Shares of Warrior Met Coal LLC (NYSE:HCC) traded up $1.16 during trading on Monday, reaching $28.00. 346,175 shares of the company’s stock traded hands, compared to its average volume of 636,675. Warrior Met Coal LLC has a 52 week low of $15.10 and a 52 week high of $30.49. The stock has a market cap of $1,470.00 and a P/E ratio of 3.77.
Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, November 9th. The company reported $2.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. The company had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. The company’s revenue for the quarter was up 489.8% compared to the same quarter last year. analysts expect that Warrior Met Coal LLC will post 8 EPS for the current year.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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