Legal & General Group Plc Buys New Position in Warrior Met Coal $HCC

Legal & General Group Plc bought a new stake in Warrior Met Coal (NYSE:HCC) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 119,225 shares of the company’s stock, valued at approximately $9,676,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Warrior Met Coal during the second quarter worth about $31,000. Meeder Asset Management Inc. acquired a new position in shares of Warrior Met Coal in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 467 shares during the period. Parallel Advisors LLC increased its stake 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 buying an additional 302 shares during the period. Finally, IFP Advisors Inc acquired a new stake in Warrior Met Coal during the 4th quarter worth approximately $37,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Warrior Met Coal

In related 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 value of $500,304.00. Following the transaction, the director owned 30,303 shares of the company’s stock, valued at $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of the firm’s 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 completion of the sale, the chief executive officer owned 267,793 shares in the company, valued at approximately $29,457,230. This represents a 15.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 104,800 shares of company stock valued at $11,250,304. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on HCC shares. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. UBS Group decreased their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, B. Riley Financial upped their price target on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

Warrior Met Coal Stock Down 2.0%

Shares of NYSE:HCC opened at $106.10 on Wednesday. Warrior Met Coal has a fifty-two week low of $54.66 and a fifty-two week high of $111.20. The firm’s 50 day moving average price is $88.50 and its 200 day moving average price is $89.22. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 25.50 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping 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 company had revenue of $509.69 million during the quarter, compared to analysts’ expectations of $488.46 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue was up 71.3% on a year-over-year basis. As a group, equities research analysts predict that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

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

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.