Evergreen Capital Management LLC trimmed its position in Warrior Met Coal (NYSE:HCC) by 62.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,855 shares of the company’s stock after selling 96,295 shares during the quarter. Evergreen Capital Management LLC owned about 0.11% of Warrior Met Coal worth $1,621,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Warrior Met Coal by 488.1% in the 4th quarter. Bank of New York Mellon Corp now owns 375,758 shares of the company’s stock valued at $9,450,000 after purchasing an additional 311,868 shares during the last quarter. Delek Group Ltd. acquired a new position in Warrior Met Coal in the 4th quarter valued at about $126,000. The Manufacturers Life Insurance Company boosted its holdings in Warrior Met Coal by 83.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 25,374 shares of the company’s stock valued at $639,000 after purchasing an additional 11,569 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Warrior Met Coal in the 4th quarter worth approximately $14,857,000. Finally, Spark Investment Management LLC lifted its holdings in shares of Warrior Met Coal by 16.0% in the 4th quarter. Spark Investment Management LLC now owns 39,200 shares of the company’s stock worth $985,000 after acquiring an additional 5,400 shares during the last quarter.
In related news, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $30.98, for a total transaction of $1,549,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Mutual Advisers Llc sold 1,461,423 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $24.20, for a total transaction of $35,366,436.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,756,187 shares of company stock worth $115,728,721. 0.51% of the stock is owned by insiders.
Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, May 2nd. The company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.34. Warrior Met Coal had a net margin of 39.30% and a return on equity of 73.24%. The firm had revenue of $421.80 million for the quarter, compared to the consensus estimate of $396.35 million. During the same period in the prior year, the firm earned $2.06 EPS. The firm’s revenue for the quarter was up 66.1% on a year-over-year basis. research analysts forecast that Warrior Met Coal will post 7.37 earnings per share for the current fiscal year.
Warrior Met Coal announced that its Board of Directors has approved a share buyback plan on Wednesday, May 2nd that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 11th. Investors of record on Friday, May 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, May 3rd. Warrior Met Coal’s payout ratio is currently 2.53%.
Several brokerages have recently commented on HCC. Royal Bank of Canada set a $33.00 price objective on shares of Warrior Met Coal and gave the stock a “hold” rating in a report on Friday, February 23rd. ValuEngine lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BMO Capital Markets upped their price objective on shares of Warrior Met Coal to $39.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Thursday, February 22nd. Finally, Credit Suisse Group upped their price objective on shares of Warrior Met Coal from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, March 20th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.30.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc produces and exports metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.
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