Warrior Met Coal $HCC Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its stake in shares of Warrior Met Coal (NYSE:HCC) by 51.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,557 shares of the company’s stock after selling 7,889 shares during the period. Maryland State Retirement & Pension System’s holdings in Warrior Met Coal were worth $481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted its stake in shares of Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after acquiring an additional 825,807 shares during the last quarter. L1 Capital Pty Ltd lifted its holdings in Warrior Met Coal by 175.8% in the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after purchasing an additional 1,262,736 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Warrior Met Coal by 1.2% during the second quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock worth $88,037,000 after buying an additional 23,698 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after purchasing an additional 1,069,025 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Warrior Met Coal by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock worth $58,210,000 after buying an additional 15,851 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HCC shares. UBS Group upped their price objective on shares of Warrior Met Coal from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. BMO Capital Markets upped their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Finally, Jefferies Financial Group increased their target price on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $88.00.

Insider Activity

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the transaction, the chief executive officer owned 294,183 shares in the company, valued at $29,509,496.73. This represents a 25.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the sale, the insider owned 70,580 shares in the company, valued at $7,058,000. This represents a 12.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 128,966 shares of company stock valued at $12,453,450 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Warrior Met Coal Price Performance

HCC opened at $98.38 on Friday. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $105.35. The company has a 50 day moving average of $87.17 and a two-hundred day moving average of $70.48. The company has a market cap of $5.17 billion, a P/E ratio of 146.84 and a beta of 0.63. 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 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 net margin of 2.87% and a return on equity of 2.01%. The business had revenue of $328.59 million for 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 business’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio is presently 47.76%.

Warrior Met Coal Company 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.