American Century Companies Inc. Has $88.04 Million Stock Holdings in Warrior Met Coal $HCC

American Century Companies Inc. boosted its holdings in shares of Warrior Met Coal (NYSE:HCC) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,920,940 shares of the company’s stock after acquiring an additional 23,698 shares during the quarter. American Century Companies Inc. owned 3.65% of Warrior Met Coal worth $88,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Comerica Bank grew its stake in shares of Warrior Met Coal by 29.8% in the first quarter. Comerica Bank now owns 27,009 shares of the company’s stock worth $1,289,000 after purchasing an additional 6,197 shares during the last quarter. Geode Capital Management LLC raised its position in Warrior Met Coal by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock worth $58,210,000 after purchasing an additional 15,851 shares during the last quarter. 683 Capital Management LLC raised its position in Warrior Met Coal by 18.2% during the 1st quarter. 683 Capital Management LLC now owns 65,000 shares of the company’s stock worth $3,102,000 after purchasing an additional 10,000 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Warrior Met Coal by 9.1% during the 1st quarter. Raymond James Financial Inc. now owns 91,603 shares of the company’s stock worth $4,371,000 after buying an additional 7,649 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of Warrior Met Coal in the 1st quarter valued at about $3,340,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. UBS Group set a $80.00 target price on Warrior Met Coal in a report on Monday. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.75.

Insiders Place Their Bets

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total value of $1,422,450.00. Following the transaction, the chief executive officer owned 394,183 shares in the company, valued at approximately $29,563,725. This represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Warrior Met Coal Stock Up 2.2%

Shares of NYSE HCC opened at $77.40 on Wednesday. The firm has a market cap of $4.07 billion, a PE ratio of 115.53 and a beta of 0.75. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $85.86. The company’s fifty day simple moving average is $68.59 and its 200 day simple moving average is $57.98. The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.91. The firm had revenue of $328.59 million during the quarter, compared to the consensus estimate of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. As a group, sell-side analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, November 7th. Warrior Met Coal’s dividend payout ratio is 47.76%.

About Warrior Met Coal

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.