Bank of New York Mellon Corp Trims Position in Warrior Met Coal $HCC

Bank of New York Mellon Corp decreased its stake in shares of Warrior Met Coal (NYSE:HCC) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 391,799 shares of the company’s stock after selling 11,280 shares during the quarter. Bank of New York Mellon Corp owned about 0.74% of Warrior Met Coal worth $36,496,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in Warrior Met Coal during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 acquiring an additional 467 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at $37,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Warrior Met Coal in the 4th quarter valued at $63,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

HCC opened at $79.95 on Friday. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a twelve month low of $49.07 and a twelve month high of $110.39. The company has a fifty day simple moving average of $88.09 and a 200 day simple moving average of $89.08. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 30.52 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The company had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.Warrior Met Coal’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.16) EPS. Equities research analysts expect that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HCC has been the topic of a number of recent analyst reports. UBS Group decreased their target price on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. B. Riley Financial increased their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings lowered shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal has an average rating of “Moderate Buy” and an average price target of $103.00.

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the insider owned 67,775 shares in the company, valued at approximately $7,455,250. This represents a 22.79% decrease in their position. 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 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.