Warrior Met Coal $HCC Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in shares of Warrior Met Coal (NYSE:HCC) by 15.6% in the 3rd quarter, Holdings Channel reports. The fund owned 26,452 shares of the company’s stock after selling 4,891 shares during the quarter. State of Alaska Department of Revenue’s holdings in Warrior Met Coal were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of HCC. EverSource Wealth Advisors LLC increased its holdings in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 467 shares during the period. GAMMA Investing LLC grew its position in Warrior Met Coal by 23.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock valued at $62,000 after buying an additional 253 shares during the last quarter. Northstar Group Inc. acquired a new position in Warrior Met Coal in the 3rd quarter valued at $205,000. Envestnet Asset Management Inc. acquired a new position in Warrior Met Coal in the 2nd quarter valued at $207,000. Finally, SG Americas Securities LLC purchased a new position in Warrior Met Coal during the 2nd quarter worth $227,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. BMO Capital Markets boosted their target price on Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Finally, Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $77.33.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $102.30 on Friday. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 152.69 and a beta of 0.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. The business’s 50 day simple moving average is $85.04 and its 200-day simple moving average is $68.35. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.91. The firm had revenue of $328.59 million during the quarter, compared to the consensus estimate of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.Warrior Met Coal’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. As a group, equities analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, November 7th. Warrior Met Coal’s payout ratio is 47.76%.

Insider Activity

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the completion of the transaction, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. The trade was a 25.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider owned 70,580 shares in the company, valued at $7,058,000. This represents a 12.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,966 shares of company stock worth $12,453,450 over the last quarter. Insiders own 2.10% of the company’s stock.

Warrior Met Coal Company 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.