Royal Bank of Canada Increases Position in Warrior Met Coal $HCC

Royal Bank of Canada raised its holdings in Warrior Met Coal (NYSE:HCC) by 13.9% in the first quarter, Holdings Channel reports. The fund owned 49,026 shares of the company’s stock after buying an additional 5,996 shares during the period. Royal Bank of Canada’s holdings in Warrior Met Coal were worth $4,566,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after purchasing an additional 1,069,025 shares during the last quarter. UBS Group AG increased its holdings in shares of Warrior Met Coal by 219.2% in the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after purchasing an additional 1,067,247 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Warrior Met Coal by 2,821,294.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after buying an additional 987,453 shares in the last quarter. State Street Corp lifted its position in Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after buying an additional 825,807 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC acquired a new position in Warrior Met Coal during the first quarter worth $55,714,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Price Performance

HCC stock opened at $94.37 on Friday. Warrior Met Coal has a 52-week low of $54.66 and a 52-week high of $110.39. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 22.68 and a beta of 0.65. The business has a fifty day moving average of $85.82 and a two-hundred day moving average of $87.92.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The company’s quarterly revenue was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. As a group, research analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 10th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio is presently 7.69%.

Insider Buying and Selling

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the insider owned 67,775 shares of the company’s stock, valued at $7,455,250. This trade represents 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 owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HCC. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. B. Riley Financial boosted their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. UBS Group dropped their price objective on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average price target of $102.60.

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.