Warrior Met Coal $HCC Position Increased by Creative Planning

Creative Planning boosted its stake in shares of Warrior Met Coal (NYSE:HCC) by 15.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,376 shares of the company’s stock after purchasing an additional 3,312 shares during the quarter. Creative Planning’s holdings in Warrior Met Coal were worth $1,117,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. L1 Capital Pty Ltd bought a new stake in Warrior Met Coal in the first quarter valued at $34,278,000. Adage Capital Partners GP L.L.C. lifted its position in Warrior Met Coal by 412.5% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 820,000 shares of the company’s stock valued at $39,130,000 after purchasing an additional 660,000 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Warrior Met Coal by 18.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock valued at $112,697,000 after purchasing an additional 367,326 shares during the period. Woodline Partners LP grew its position in Warrior Met Coal by 33.5% in the 1st quarter. Woodline Partners LP now owns 894,938 shares of the company’s stock worth $42,706,000 after purchasing an additional 224,558 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Warrior Met Coal by 8.5% in the first quarter. American Century Companies Inc. now owns 1,897,242 shares of the company’s stock valued at $90,536,000 after purchasing an additional 148,968 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. BMO Capital Markets boosted their price target on 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. B. Riley restated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Wall Street Zen raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Finally, UBS Group set a $80.00 target price on shares of Warrior Met Coal in a research report on Monday, November 24th. One research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.75.

Insider Buying and Selling

In related news, CEO Walter J. Scheller sold 18,966 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the completion of the sale, the chief executive officer directly owned 394,183 shares of the company’s stock, valued at $29,563,725. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Warrior Met Coal Stock Down 0.5%

HCC opened at $78.29 on Friday. Warrior Met Coal has a one year low of $38.00 and a one year high of $85.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. The stock’s fifty day moving average is $69.51 and its 200-day moving average is $58.56. The company has a market capitalization of $4.12 billion, a PE ratio of 116.85 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last announced its 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. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The business had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $302.51 million. During the same quarter last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

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