Northstar Group Inc. Invests $771,000 in Warrior Met Coal $HCC

Northstar Group Inc. acquired a new position in shares of Warrior Met Coal (NYSE:HCC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,494 shares of the company’s stock, valued at approximately $771,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HCC. Meeder Asset Management Inc. bought a new position in Warrior Met Coal during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after acquiring an additional 302 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Warrior Met Coal in the 4th quarter valued at about $37,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Warrior Met Coal in the 4th quarter valued at approximately $63,000. Institutional investors own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

Warrior Met Coal Trading Up 4.0%

NYSE HCC opened at $98.15 on Friday. The firm has a market cap of $5.18 billion, a P/E ratio of 23.59 and a beta of 0.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The stock’s 50-day moving average is $85.78 and its 200-day moving average is $87.99. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39.

Warrior Met Coal (NYSE:HCC) last released 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 return on equity of 10.02% and a net margin of 13.05%.The business had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. During the same quarter in the previous year, the business posted $0.11 EPS. Warrior Met Coal’s revenue for the quarter was up 71.3% on a year-over-year basis. Sell-side analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 10th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s payout ratio is presently 7.69%.

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.