California State Teachers Retirement System lifted its holdings in Warrior Met Coal Inc (NYSE:HCC) by 95.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,140 shares of the company’s stock after purchasing an additional 25,406 shares during the quarter. California State Teachers Retirement System owned 0.10% of Warrior Met Coal worth $1,311,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Warrior Met Coal by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 63,890 shares of the company’s stock worth $1,506,000 after purchasing an additional 3,289 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Warrior Met Coal by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 66,325 shares of the company’s stock valued at $1,564,000 after buying an additional 3,673 shares in the last quarter. Strs Ohio boosted its stake in Warrior Met Coal by 18.9% during the fourth quarter. Strs Ohio now owns 34,000 shares of the company’s stock valued at $855,000 after buying an additional 5,400 shares in the last quarter. Spark Investment Management LLC boosted its stake in Warrior Met Coal by 16.0% during the fourth quarter. Spark Investment Management LLC now owns 39,200 shares of the company’s stock valued at $985,000 after buying an additional 5,400 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in Warrior Met Coal during the fourth quarter valued at about $206,000.
Several brokerages recently weighed in on HCC. Royal Bank of Canada set a $33.00 target price on Warrior Met Coal and gave the company a “hold” rating in a research note on Friday, February 23rd. Zacks Investment Research raised Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Monday, February 12th. BMO Capital Markets raised their target price on Warrior Met Coal to $39.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. ValuEngine cut Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.42.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.16. Warrior Met Coal had a return on equity of 61.78% and a net margin of 38.92%. The business had revenue of $239.80 million during the quarter, compared to analyst estimates of $227.72 million. research analysts expect that Warrior Met Coal Inc will post 7.06 EPS for the current fiscal year.
The business also recently declared a special dividend, which will be paid on Friday, April 20th. Investors of record on Friday, April 13th will be given a $6.53 dividend. The ex-dividend date of this dividend is Thursday, April 12th. This represents a dividend yield of 0.7%. Warrior Met Coal’s dividend payout ratio (DPR) is 2.53%.
In related news, COO Jack K. Richardson sold 50,991 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $31.79, for a total value of $1,621,003.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael T. Madden sold 32,436 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $28.96, for a total value of $939,346.56. The disclosure for this sale can be found here. Insiders sold a total of 174,533 shares of company stock valued at $5,400,965 in the last quarter. 0.51% of the stock is currently owned by corporate insiders.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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