Warrior Met Coal $HCC Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Warrior Met Coal (NYSE:HCC) by 35.8% in the 2nd quarter, Holdings Channel reports. The firm owned 344,761 shares of the company’s stock after selling 192,577 shares during the quarter. Wellington Management Group LLP’s holdings in Warrior Met Coal were worth $27,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Maryland State Retirement & Pension System boosted its position in Warrior Met Coal by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company’s stock valued at $677,000 after purchasing an additional 121 shares during the period. Oregon Public Employees Retirement Fund increased its position in Warrior Met Coal by 1.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock worth $1,060,000 after buying an additional 149 shares during the period. Kestra Advisory Services LLC lifted 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 buying an additional 172 shares during the last quarter. BTC Capital Management Inc. boosted its holdings in shares of Warrior Met Coal by 3.0% during the first quarter. BTC Capital Management Inc. now owns 7,824 shares of the company’s stock valued at $729,000 after acquiring an additional 225 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in shares of Warrior Met Coal by 1.7% during the fourth quarter. Gotham Asset Management LLC now owns 13,213 shares of the company’s stock valued at $1,165,000 after acquiring an additional 227 shares during the period. Institutional investors own 92.28% of the company’s stock.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter Scheller sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was 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 represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen D. Williams sold 4,800 shares of the 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 transaction, 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 SEC filing for this sale provides additional information. Insiders sold 104,800 shares of company stock valued at $11,250,304 over the last quarter. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group dropped their price objective 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. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus target price of $102.60.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $104.50 on Friday. Warrior Met Coal has a fifty-two week low of $55.77 and a fifty-two week high of $111.42. The firm’s 50-day simple moving average is $89.82 and its 200 day simple moving average is $89.61. 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 $5.52 billion, a P/E ratio of 25.12 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.25. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Equities analysts expect that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Announces Dividend

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 $0.08 dividend. 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 (DPR) is 7.69%.

Warrior Met Coal 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.