Brightline Capital Management LLC bought a new stake in shares of Warrior Met Coal LLC (NYSE:HCC) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 255,000 shares of the company’s stock, valued at approximately $6,413,000. Warrior Met Coal accounts for approximately 5.7% of Brightline Capital Management LLC’s investment portfolio, making the stock its 8th biggest holding.
Several other institutional investors have also made changes to their positions in HCC. Schwab Charles Investment Management Inc. bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at about $1,074,000. Bank of New York Mellon Corp bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at about $1,038,000. Teachers Advisors LLC bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at about $509,000. TIAA CREF Investment Management LLC bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at about $759,000. Finally, Nationwide Fund Advisors bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at about $786,000. Institutional investors own 99.05% of the company’s stock.
In other Warrior Met Coal news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $20.46, for a total value of $86,689.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.15% of the stock is currently owned by corporate insiders.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $1.04. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. equities analysts anticipate that Warrior Met Coal LLC will post 8 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd will be issued a $0.05 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.20 annualized dividend and a yield of 0.65%.
Several equities research analysts recently commented on HCC shares. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, November 7th. Royal Bank of Canada lowered Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 target price on the stock. in a research report on Monday, December 4th. ValuEngine lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Seaport Global Securities lowered Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 18th. Finally, Macquarie upgraded Warrior Met Coal from an “underperform” rating to a “hold” rating in a report on Tuesday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.92.
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Warrior Met Coal Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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