Northwestern Mutual Wealth Management Co. Purchases 987,453 Shares of Warrior Met Coal $HCC

Northwestern Mutual Wealth Management Co. boosted its position in Warrior Met Coal (NYSE:HCC) by 2,821,294.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 987,488 shares of the company’s stock after buying an additional 987,453 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Warrior Met Coal were worth $87,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in HCC. Adage Capital Partners GP L.L.C. boosted its position in shares of Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after purchasing an additional 1,069,025 shares in the last quarter. UBS Group AG boosted its holdings in shares of Warrior Met Coal by 219.2% during the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after buying an additional 1,067,247 shares in the last quarter. State Street Corp increased its stake in shares of Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after acquiring an additional 825,807 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Warrior Met Coal by 31.4% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,461,738 shares of the company’s stock valued at $93,025,000 after acquiring an additional 349,400 shares during the period. Finally, Capital International Investors grew its holdings in Warrior Met Coal by 27.1% in the third quarter. Capital International Investors now owns 852,403 shares of the company’s stock worth $54,247,000 after purchasing an additional 181,975 shares during the period. Institutional investors own 92.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings cut Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. UBS Group dropped their price objective on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $102.80.

Warrior Met Coal Stock Down 9.7%

HCC opened at $94.42 on Friday. The company has a fifty day moving average price of $89.70 and a 200-day moving average price of $87.64. The firm has a market capitalization of $4.99 billion, a P/E ratio of 36.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42. Warrior Met Coal has a one year low of $40.80 and a one year high of $105.35.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business’s revenue was up 52.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.16) earnings per share. Equities research analysts expect that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were issued a dividend of $0.08 per share. The ex-dividend date was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio is presently 12.21%.

Warrior Met Coal Company 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.