Public Sector Pension Investment Board Decreases Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Public Sector Pension Investment Board reduced its position in Warrior Met Coal, Inc. (NYSE:HCC) by 31.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,115 shares of the company’s stock after selling 53,514 shares during the quarter. Public Sector Pension Investment Board owned about 0.22% of Warrior Met Coal worth $7,226,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares in the last quarter. SYSTM Wealth Solutions LLC purchased a new stake in shares of Warrior Met Coal during the first quarter worth about $39,000. EntryPoint Capital LLC acquired a new position in shares of Warrior Met Coal during the first quarter valued at about $54,000. Ausbil Investment Management Ltd purchased a new position in shares of Warrior Met Coal in the 2nd quarter valued at approximately $82,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Warrior Met Coal in the 1st quarter worth approximately $104,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Up 7.6 %

HCC stock opened at $59.84 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The firm’s fifty day simple moving average is $60.15 and its 200-day simple moving average is $62.86. Warrior Met Coal, Inc. has a 12 month low of $44.76 and a 12 month high of $75.53. The company has a market capitalization of $3.13 billion, a P/E ratio of 7.20 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.03. The company had revenue of $396.52 million for the quarter, compared to the consensus estimate of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.63 EPS. As a group, equities research analysts forecast that Warrior Met Coal, Inc. will post 5.55 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.32 annualized dividend and a yield of 0.53%. Warrior Met Coal’s dividend payout ratio is presently 3.85%.

Insider Activity

In related news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the sale, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the transaction, the insider now directly owns 61,678 shares in the company, valued at $4,629,550.68. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HCC shares. B. Riley decreased their price target on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average target price of $72.60.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.