Intech Investment Management LLC Buys 3,485 Shares of Warrior Met Coal $HCC

Intech Investment Management LLC grew its stake in Warrior Met Coal (NYSE:HCC) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,297 shares of the company’s stock after purchasing an additional 3,485 shares during the period. Intech Investment Management LLC owned about 0.07% of Warrior Met Coal worth $1,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HCC. GAMMA Investing LLC grew its stake in shares of Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after buying an additional 253 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Warrior Met Coal by 14.6% during the 1st quarter. Covestor Ltd now owns 2,622 shares of the company’s stock valued at $125,000 after acquiring an additional 335 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Warrior Met Coal during the 2nd quarter worth $207,000. SG Americas Securities LLC bought a new stake in Warrior Met Coal during the 2nd quarter worth $227,000. Finally, Farther Finance Advisors LLC increased its holdings in Warrior Met Coal by 70.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,023 shares of the company’s stock worth $230,000 after purchasing an additional 2,077 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total value of $1,422,450.00. Following the transaction, the chief executive officer owned 394,183 shares in the company, valued at approximately $29,563,725. This represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

HCC has been the topic of several research reports. Zacks Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. UBS Group boosted their target price on shares of Warrior Met Coal from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. B. Riley reiterated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Finally, 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 report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

Warrior Met Coal Stock Performance

Shares of HCC opened at $75.02 on Friday. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $68.01 and its two-hundred day simple moving average is $57.38. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $85.86. The stock has a market capitalization of $3.94 billion, a P/E ratio of 111.97 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The firm’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. As a group, analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were paid a $0.08 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 47.76%.

Warrior Met Coal Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.