QV Investors Inc. Sells 35,880 Shares of Warrior Met Coal $HCC

QV Investors Inc. lessened its stake in shares of Warrior Met Coal (NYSE:HCC) by 29.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,095 shares of the company’s stock after selling 35,880 shares during the quarter. QV Investors Inc.’s holdings in Warrior Met Coal were worth $6,825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal in the second quarter worth about $31,000. Meeder Asset Management Inc. purchased a new position in Warrior Met Coal during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after acquiring an additional 467 shares during the period. Parallel Advisors LLC increased 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 during the period. Finally, IFP Advisors Inc purchased a new stake in Warrior Met Coal in the 4th quarter worth approximately $37,000. 92.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. UBS Group reduced their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus target price of $102.60.

Warrior Met Coal Price Performance

HCC stock opened at $107.02 on Monday. The firm has a 50 day simple moving average of $87.70 and a two-hundred day simple moving average of $88.99. The stock has a market cap of $5.65 billion, a PE ratio of 25.73 and a beta of 0.65. Warrior Met Coal has a one year low of $54.66 and a one year high of $111.20. 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 (NYSE:HCC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. During the same quarter last year, the company posted $0.11 EPS. The business’s quarterly revenue was up 71.3% on a year-over-year basis. On average, analysts predict that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

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

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the insider owned 67,775 shares in the company, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the sale, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 124,800 shares of company stock valued at $13,450,304 over the last 90 days. 2.10% of the stock is owned by insiders.

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.