Geode Capital Management LLC Grows Holdings in Warrior Met Coal $HCC

Geode Capital Management LLC raised its stake in Warrior Met Coal (NYSE:HCC) by 3.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,280,332 shares of the company’s stock after buying an additional 37,057 shares during the period. Geode Capital Management LLC’s holdings in Warrior Met Coal were worth $112,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Adage Capital Partners GP L.L.C. increased its holdings in 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 worth $86,574,000 after acquiring an additional 1,069,025 shares during the period. UBS Group AG increased its holdings in shares of Warrior Met Coal by 219.2% in 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after buying an additional 987,453 shares during the last quarter. State Street Corp increased its holdings 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 worth $187,860,000 after buying an additional 825,807 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. boosted its stake in shares of Warrior Met Coal by 31.4% in 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 purchasing an additional 349,400 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction that occurred on 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 transaction, the insider owned 67,775 shares of the company’s stock, valued at $7,455,250. The trade was 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 through the SEC website. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of research reports. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Finally, Citigroup upped their price objective on shares of Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $102.80.

Warrior Met Coal Stock Down 5.6%

NYSE:HCC opened at $99.95 on Friday. The firm has a market cap of $5.28 billion, a P/E ratio of 38.15 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. Warrior Met Coal has a fifty-two week low of $40.80 and a fifty-two week high of $110.39. The firm has a 50-day simple moving average of $91.08 and a two-hundred day simple moving average of $88.48.

Warrior Met Coal (NYSE:HCC) last released 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 for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The firm’s revenue for the quarter was up 52.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.16) earnings per share. Analysts predict that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

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

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.