Summit Street Capital Management LLC Makes New Investment in Warrior Met Coal $HCC

Summit Street Capital Management LLC acquired a new position in shares of Warrior Met Coal (NYSE:HCC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 317,202 shares of the company’s stock, valued at approximately $25,744,000. Warrior Met Coal makes up 3.6% of Summit Street Capital Management LLC’s holdings, making the stock its 12th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Warrior Met Coal by 2,821,294.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after purchasing an additional 987,453 shares during the period. Ashoka WhiteOak Capital Pte Ltd acquired a new position in Warrior Met Coal in the second quarter valued at about $11,394,000. Deutsche Bank AG bought a new position in Warrior Met Coal during the second quarter worth about $10,641,000. Geode Capital Management LLC boosted its holdings in Warrior Met Coal by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company’s stock worth $112,912,000 after buying an additional 37,057 shares during the last quarter. Finally, Hosking Partners LLP boosted its holdings in Warrior Met Coal by 2.9% during the fourth quarter. Hosking Partners LLP now owns 667,638 shares of the company’s stock worth $58,866,000 after buying an additional 19,030 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 in the company, valued at approximately $7,455,250. This trade represents 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 accessible through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the transaction, the chief executive officer owned 267,793 shares in the company, valued at $29,457,230. The trade was a 15.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 124,800 shares of company stock worth $13,450,304. Company insiders own 2.10% of the company’s stock.

Warrior Met Coal Price Performance

Shares of HCC opened at $105.15 on Thursday. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a twelve month low of $54.66 and a twelve month high of $111.20. The stock has a market capitalization of $5.55 billion, a P/E ratio of 25.28 and a beta of 0.65. The company has a 50 day moving average of $87.01 and a 200-day moving average of $88.76.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The company had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The company’s quarterly revenue was up 71.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. As a group, equities research analysts forecast that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on HCC shares. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. UBS Group lowered their target price on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Finally, B. Riley Financial increased their target price on shares of 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 issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.60.

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.