Northwestern Mutual Wealth Management Co. Acquires 987,453 Shares of Warrior Met Coal $HCC

Northwestern Mutual Wealth Management Co. boosted its holdings in Warrior Met Coal (NYSE:HCC) by 2,821,294.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 987,488 shares of the company’s stock after purchasing an additional 987,453 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Warrior Met Coal were worth $87,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HCC. Adage Capital Partners GP L.L.C. boosted its stake in Warrior Met Coal by 130.4% in the 2nd 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 boosted its stake 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 purchasing an additional 1,067,247 shares during the period. State Street Corp boosted its stake in Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after purchasing an additional 825,807 shares during the period. Maple Rock Capital Partners Inc. boosted its stake in Warrior Met Coal by 31.4% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,461,738 shares of the company’s stock worth $93,025,000 after purchasing an additional 349,400 shares during the period. Finally, Capital International Investors boosted its stake in Warrior Met Coal by 27.1% in the 3rd quarter. Capital International Investors now owns 852,403 shares of the company’s stock worth $54,247,000 after purchasing an additional 181,975 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HCC has been the subject of several recent analyst reports. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Citigroup upped their price target on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Jefferies Financial Group upped their price target on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. UBS Group dropped their price target on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded Warrior Met Coal from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.80.

Warrior Met Coal Stock Down 0.1%

Shares of HCC opened at $85.09 on Monday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 32.48 and a beta of 0.61. Warrior Met Coal has a 1 year low of $40.80 and a 1 year high of $105.35. The business’s 50 day simple moving average is $88.34 and its 200-day simple moving average is $86.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The firm’s revenue was up 52.9% on a year-over-year basis. During the same period last year, the company earned ($0.16) earnings per share. As a group, equities analysts expect that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

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

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.