PDT Partners LLC Takes $527,000 Position in Warrior Met Coal $HCC

PDT Partners LLC purchased a new stake in shares of Warrior Met Coal (NYSE:HCC) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 6,497 shares of the company’s stock, valued at approximately $527,000.

Several other institutional investors have also modified their holdings of HCC. Canada Pension Plan Investment Board acquired a new stake in shares of Warrior Met Coal in the 2nd quarter worth about $6,452,000. Legal & General Group Plc bought a new stake in Warrior Met Coal in the 2nd quarter valued at about $9,676,000. The Manufacturers Life Insurance Company acquired a new position in Warrior Met Coal during the 2nd quarter valued at about $2,534,000. Cibc World Market Inc. acquired a new position in Warrior Met Coal during the 2nd quarter valued at about $813,000. Finally, Bank of Nova Scotia bought a new position in Warrior Met Coal in the 2nd quarter worth about $1,409,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

Shares of HCC opened at $108.42 on Friday. The firm has a 50-day moving average price of $87.37 and a 200 day moving average price of $88.89. The firm has a market capitalization of $5.72 billion, a PE ratio of 26.06 and a beta of 0.65. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 52-week low of $54.66 and a 52-week high of $111.20.

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

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is 7.69%.

Insiders Place Their Bets

In other Warrior Met Coal news, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the transaction, the director directly owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction 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 owned 267,793 shares in the company, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 124,800 shares of company stock worth $13,450,304 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on HCC. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. B. Riley Financial raised their target price on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

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.