Northstar Group Inc. Acquires Shares of 9,494 Warrior Met Coal $HCC

Northstar Group Inc. acquired a new position in Warrior Met Coal (NYSE:HCC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,494 shares of the company’s stock, valued at approximately $771,000.

Several other large investors also recently made changes to their positions in HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Warrior Met Coal by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock valued at $1,473,000 after buying an additional 1,351 shares during the last quarter. Intech Investment Management LLC grew its holdings in Warrior Met Coal by 14.6% during the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock worth $1,661,000 after acquiring an additional 4,441 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Warrior Met Coal by 7.7% during the 2nd quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock worth $300,000 after acquiring an additional 464 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Warrior Met Coal by 75.1% in the 2nd quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock valued at $462,000 after acquiring an additional 4,324 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $98.15 on Friday. The stock has a 50-day moving average price of $85.78 and a 200 day moving average price of $87.99. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 23.59 and a beta of 0.65. Warrior Met Coal has a 12 month low of $54.66 and a 12 month high of $110.39.

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

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, August 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal’s payout ratio is currently 7.69%.

Insider Buying and Selling at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the insider directly owned 67,775 shares of the company’s stock, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HCC has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. B. Riley Financial raised 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. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, UBS Group reduced their price objective on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

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.