Warrior Met Coal $HCC Stock Position Lifted by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in shares of Warrior Met Coal (NYSE:HCC) by 9.2% during the third quarter, Holdings Channel.com reports. The firm owned 1,543,673 shares of the company’s stock after acquiring an additional 130,396 shares during the period. Allianz Asset Management GmbH’s holdings in Warrior Met Coal were worth $98,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Warrior Met Coal by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock valued at $58,210,000 after purchasing an additional 15,851 shares in the last quarter. QV Investors Inc. acquired a new stake in shares of Warrior Met Coal in the third quarter valued at $10,549,000. Creative Planning boosted its stake in Warrior Met Coal by 15.7% during the second quarter. Creative Planning now owns 24,376 shares of the company’s stock valued at $1,117,000 after buying an additional 3,312 shares in the last quarter. XTX Topco Ltd acquired a new position in Warrior Met Coal during the second quarter worth about $798,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Warrior Met Coal in the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of HCC opened at $90.49 on Wednesday. The business’s 50-day moving average is $89.16 and its 200-day moving average is $72.70. 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 company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 135.06 and a beta of 0.65. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $105.35.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HCC. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Jefferies Financial Group lifted their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. BMO Capital Markets increased their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. UBS Group set a $108.00 target price on Warrior Met Coal and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $93.50.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 70,580 shares in the company, valued at $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 128,966 shares of company stock valued at $12,453,450. Insiders own 2.10% of the company’s stock.

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.