Skylands Capital LLC Raises Stock Position in Warrior Met Coal $HCC

Skylands Capital LLC raised its position in Warrior Met Coal (NYSE:HCC) by 72.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 22,900 shares of the company’s stock after acquiring an additional 9,650 shares during the period. Skylands Capital LLC’s holdings in Warrior Met Coal were worth $2,133,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HCC. Meeder Asset Management Inc. acquired a new stake in shares of Warrior Met Coal during the 4th quarter worth approximately $31,000. Parallel Advisors LLC increased its stake in Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares during the last quarter. IFP Advisors Inc acquired a new stake in Warrior Met Coal during the fourth quarter worth $37,000. EverSource Wealth Advisors LLC raised its position in Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 467 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in Warrior Met Coal in the fourth quarter valued at $63,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 67,775 shares in the company, valued at $7,455,250. This 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 at the SEC website. 2.10% of the stock is owned by company insiders.

Warrior Met Coal Stock Down 4.3%

NYSE:HCC opened at $81.18 on Friday. Warrior Met Coal has a 52 week low of $42.28 and a 52 week high of $110.39. The stock’s fifty day moving average is $90.99 and its two-hundred day moving average is $89.87. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 30.99 and a beta of 0.62. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The firm had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The company’s quarterly revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.16) earnings per share. Research analysts anticipate that Warrior Met Coal will post 6.89 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Friday, May 1st. Warrior Met Coal’s payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. B. Riley Financial boosted their price objective 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. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. UBS Group lowered their target price on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.40.

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.