6,497 Shares in Warrior Met Coal $HCC Purchased by PDT Partners LLC

PDT Partners LLC purchased a new stake in Warrior Met Coal (NYSE:HCC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,497 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds have also recently bought and sold shares of HCC. EverSource Wealth Advisors LLC boosted its stake in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Warrior Met Coal during the fourth quarter worth approximately $31,000. Quantbot Technologies LP bought a new position in Warrior Met Coal during the 2nd quarter valued at $31,000. Parallel Advisors LLC grew its holdings in Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares in the last quarter. Finally, IFP Advisors Inc acquired a new position in Warrior Met Coal during the 4th quarter worth $37,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HCC shares. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. UBS Group lowered 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. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

Insider Buying and Selling

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction that occurred 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 transaction, the insider directly owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the transaction, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at $29,457,230. This trade represents a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 124,800 shares of company stock worth $13,450,304 over the last quarter. 2.10% of the stock is owned by company insiders.

Warrior Met Coal Stock Up 3.0%

HCC stock opened at $108.42 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. Warrior Met Coal has a 1-year low of $54.66 and a 1-year high of $111.20. The firm has a fifty day moving average price of $87.37 and a two-hundred day moving average price of $88.89. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 26.06 and a beta of 0.65.

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

Warrior Met Coal Dividend Announcement

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

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.