BTC Capital Management Inc. Trims Stock Position in Warrior Met Coal $HCC

BTC Capital Management Inc. lessened its position in shares of Warrior Met Coal (NYSE:HCC) by 62.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,599 shares of the company’s stock after selling 12,887 shares during the quarter. BTC Capital Management Inc.’s holdings in Warrior Met Coal were worth $671,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HCC. EverSource Wealth Advisors LLC boosted its stake in Warrior Met Coal by 217.2% during 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. Hantz Financial Services Inc. increased its stake in Warrior Met Coal by 266.1% in the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after purchasing an additional 455 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Warrior Met Coal by 4,337.5% in the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after buying an additional 694 shares during the last quarter. Aster Capital Management DIFC Ltd raised its holdings in shares of Warrior Met Coal by 919.6% in the third quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock valued at $60,000 after buying an additional 846 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Warrior Met Coal during the third quarter worth about $76,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Activity

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the transaction, the chief executive officer owned 294,183 shares of the company’s stock, valued at $29,509,496.73. This trade represents a 25.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the sale, the insider owned 70,580 shares of the company’s stock, valued at $7,058,000. This represents a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.10% of the company’s stock.

Warrior Met Coal Stock Down 1.3%

Shares of NYSE HCC opened at $91.94 on Thursday. The firm’s 50-day moving average is $88.21 and its two-hundred day moving average is $81.07. The company has a market capitalization of $4.85 billion, a PE ratio of 84.35 and a beta of 0.69. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $105.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The company had revenue of $383.99 million for the quarter, compared to analysts’ expectations of $381.72 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 29.1% on a year-over-year basis. Equities analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio is 29.36%.

Wall Street Analysts Forecast Growth

HCC has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Citigroup upped their price target on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.40.

About Warrior Met Coal

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.