Warrior Met Coal $HCC Shares Acquired by Skylands Capital LLC

Skylands Capital LLC lifted its position in Warrior Met Coal (NYSE:HCC) by 72.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,900 shares of the company’s stock after purchasing an additional 9,650 shares during the quarter. Skylands Capital LLC’s holdings in Warrior Met Coal were worth $2,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HCC. State Street Corp increased its holdings 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 buying an additional 825,807 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after acquiring an additional 1,069,025 shares during the period. Dimensional Fund Advisors LP lifted its stake in Warrior Met Coal by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after acquiring an additional 5,077 shares during the period. Maple Rock Capital Partners Inc. boosted its holdings in shares of Warrior Met Coal by 12.0% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock valued at $144,355,000 after acquiring an additional 175,500 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Warrior Met Coal by 219.2% in the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after acquiring an additional 1,067,247 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 4.3%

HCC stock opened at $81.18 on Friday. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 30.99 and a beta of 0.62. 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 has a 12 month low of $42.28 and a 12 month high of $110.39. The firm has a 50-day moving average of $90.99 and a two-hundred day moving average of $89.87.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The company’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. As a group, analysts forecast that Warrior Met Coal will post 6.89 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Analyst Upgrades and Downgrades

HCC has been the subject of several recent research reports. UBS Group reduced their target price on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. B. Riley Financial raised their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $103.40.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the insider directly owned 67,775 shares in the company, valued at $7,455,250. This represents a 22.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.