Maple Rock Capital Partners Inc. Purchases 110,500 Shares of Warrior Met Coal $HCC

Maple Rock Capital Partners Inc. increased its position in Warrior Met Coal (NYSE:HCC) by 77.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 253,559 shares of the company’s stock after acquiring an additional 110,500 shares during the quarter. Maple Rock Capital Partners Inc.’s holdings in Warrior Met Coal were worth $20,579,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HCC. Quantbot Technologies LP bought a new stake in Warrior Met Coal during the 2nd quarter worth approximately $31,000. Meeder Asset Management Inc. bought a new position in shares of Warrior Met Coal during the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the period. Parallel Advisors LLC grew its stake in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares during the last quarter. Finally, IFP Advisors Inc bought a new stake in shares of Warrior Met Coal in the fourth quarter worth $37,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Warrior Met Coal news, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director directly owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the sale, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. The trade was a 15.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on HCC. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Finally, UBS Group reduced their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

Warrior Met Coal Price Performance

HCC stock opened at $108.30 on Tuesday. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 26.03 and a beta of 0.65. 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 12-month low of $54.66 and a 12-month high of $111.20. The company’s fifty day simple moving average is $88.11 and its 200 day simple moving average is $89.11.

Warrior Met Coal (NYSE:HCC) last issued 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. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. 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 prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 71.3% compared to the same quarter last year. On average, analysts expect that Warrior Met Coal will post 5.74 earnings per share for the current 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 given 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 0.3%. Warrior Met Coal’s dividend payout ratio is presently 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.