44,925 Shares in Warrior Met Coal $HCC Bought by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in shares of Warrior Met Coal (NYSE:HCC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 44,925 shares of the company’s stock, valued at approximately $3,646,000.

Several other institutional investors have also recently modified their holdings of HCC. BlackRock Inc. acquired a new stake in shares of Warrior Met Coal during the second quarter worth about $606,503,000. 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. UBS Group AG lifted its stake in Warrior Met Coal by 219.2% during 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 period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after acquiring an additional 987,453 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after acquiring an additional 825,807 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

NYSE:HCC opened at $103.39 on Friday. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 52 week low of $54.66 and a 52 week high of $110.39. The stock’s 50-day moving average price is $86.20 and its 200-day moving average price is $88.27. The stock has a market capitalization of $5.46 billion, a PE ratio of 24.85 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The company had revenue of $509.69 million during the quarter, compared to analysts’ expectations of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.Warrior Met Coal’s quarterly revenue was up 71.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. As a group, equities analysts expect that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 7.69%.

Insider Buying and Selling

In other news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the insider owned 67,775 shares in the company, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

HCC has been the subject of several recent research reports. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. B. Riley Financial upped their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, UBS Group decreased their price objective on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

About Warrior Met Coal

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.