Northwestern Mutual Wealth Management Co. Has $87.07 Million Stake in Warrior Met Coal $HCC

Northwestern Mutual Wealth Management Co. increased its stake in Warrior Met Coal (NYSE:HCC) by 2,821,294.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 987,488 shares of the company’s stock after purchasing an additional 987,453 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 1.88% of Warrior Met Coal worth $87,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HCC. EverSource Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 467 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $37,000. Hantz Financial Services Inc. lifted its position in shares of Warrior Met Coal by 266.1% in the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Warrior Met Coal by 4,337.5% during the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after purchasing an additional 694 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Warrior Met Coal by 919.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after buying an additional 846 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 9.7%

HCC opened at $94.42 on Friday. The stock’s fifty day simple moving average is $89.70 and its 200 day simple moving average is $87.64. Warrior Met Coal has a 1-year low of $40.80 and a 1-year high of $105.35. The stock has a market cap of $4.99 billion, a PE ratio of 36.04 and a beta of 0.61. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11.

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

Warrior Met Coal Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal’s payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

HCC has been the topic of several analyst reports. Citigroup upped their target price on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings cut shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. UBS Group decreased their price objective on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Warrior Met Coal currently has an average rating of “Hold” and an average price target of $102.80.

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.