SummerHaven Investment Management LLC Makes New $976,000 Investment in Warrior Met Coal $HCC

SummerHaven Investment Management LLC acquired a new stake in Warrior Met Coal (NYSE:HCC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,078 shares of the company’s stock, valued at approximately $976,000.

A number of other hedge funds also recently added to or reduced their stakes in HCC. Arizona State Retirement System lifted its stake in shares of Warrior Met Coal by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock worth $1,182,000 after purchasing an additional 113 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Warrior Met Coal by 1.5% in the first quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock valued at $1,066,000 after purchasing an additional 172 shares during the last quarter. BTC Capital Management Inc. grew its stake in Warrior Met Coal by 3.0% in the first quarter. BTC Capital Management Inc. now owns 7,824 shares of the company’s stock valued at $729,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC grew its stake in Warrior Met Coal by 9.9% in the second quarter. GAMMA Investing LLC now owns 2,560 shares of the company’s stock valued at $208,000 after purchasing an additional 230 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Warrior Met Coal by 11.1% in the second quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock worth $220,000 after purchasing an additional 272 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several 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 research 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. Royal Bank Of Canada lifted their price objective on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Wall Street Zen raised shares of Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Finally, UBS Group boosted their price objective on shares of Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.50.

Insider Activity at Warrior Met Coal

In related news, CEO Walter Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the sale, the chief executive officer directly owned 317,793 shares in the company, valued at $33,368,265. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen D. Williams sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the sale, the director directly owned 30,303 shares in the company, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 104,800 shares of company stock valued at $11,250,304 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Warrior Met Coal Trading Up 0.3%

Shares of NYSE:HCC opened at $89.72 on Friday. The business’s 50-day moving average is $96.83 and its 200 day moving average is $90.96. Warrior Met Coal has a 1 year low of $61.87 and a 1 year high of $111.42. The firm has a market capitalization of $4.74 billion, a P/E ratio of 21.57 and a beta of 0.72. 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 released its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The company had revenue of $509.69 million during the quarter, compared to analysts’ expectations of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The firm’s revenue was up 71.3% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. On average, research analysts predict that Warrior Met Coal will post 6.71 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, August 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio is 7.69%.

Warrior Met Coal Profile

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.