Fifth Third Bancorp Has $1.12 Million Stock Position in Warrior Met Coal $HCC

Fifth Third Bancorp grew its stake in shares of Warrior Met Coal (NYSE:HCC) by 4,036.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 12,037 shares of the company’s stock after purchasing an additional 11,746 shares during the period. Fifth Third Bancorp’s holdings in Warrior Met Coal were worth $1,121,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of HCC. Meeder Asset Management Inc. bought a new stake in Warrior Met Coal during the fourth quarter worth $31,000. Parallel Advisors LLC lifted its stake in Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after acquiring an additional 302 shares in the last quarter. IFP Advisors Inc bought a new position in Warrior Met Coal during the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC lifted 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 valued at $31,000 after acquiring an additional 467 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new position in Warrior Met Coal during the 4th quarter worth $63,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the insider directly owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. B. Riley Financial upped 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. Finally, Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.00.

Warrior Met Coal Stock Down 1.4%

HCC opened at $79.95 on Friday. Warrior Met Coal has a twelve month low of $49.07 and a twelve month high of $110.39. The company’s 50-day moving average price is $88.09 and its two-hundred day moving average price is $89.08. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 30.52 and a beta of 0.65. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11.

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

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.