Exchange Traded Concepts LLC Increases Stake in Warrior Met Coal $HCC

Exchange Traded Concepts LLC lifted its position in Warrior Met Coal (NYSE:HCC) by 24.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,891 shares of the company’s stock after acquiring an additional 7,981 shares during the quarter. Exchange Traded Concepts LLC owned 0.08% of Warrior Met Coal worth $2,602,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the period. GAMMA Investing LLC grew its stake in shares of Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock valued at $62,000 after buying an additional 253 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Warrior Met Coal in the second quarter worth approximately $207,000. SG Americas Securities LLC purchased a new stake in shares of Warrior Met Coal in the second quarter worth approximately $227,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Warrior Met Coal by 70.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,023 shares of the company’s stock worth $230,000 after acquiring an additional 2,077 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 18,966 shares of Warrior Met Coal stock in a transaction 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 directly owned 394,183 shares in the company, valued at approximately $29,563,725. This trade represents a 4.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Warrior Met Coal Stock Down 0.0%

Shares of Warrior Met Coal stock opened at $89.16 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 133.08 and a beta of 0.69. The firm’s 50-day moving average is $76.84 and its two-hundred day moving average is $63.35. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $89.90.

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

Warrior Met Coal Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on HCC shares. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, November 6th. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. UBS Group raised their price target on shares of Warrior Met Coal from $80.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Zacks Research raised shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets upped their target price on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.25.

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.