Empowered Funds LLC Makes New $2.29 Million Investment in Warrior Met Coal $HCC

Empowered Funds LLC acquired a new position in Warrior Met Coal (NYSE:HCC) in the 2nd quarter, HoldingsChannel reports. The firm acquired 28,254 shares of the company’s stock, valued at approximately $2,293,000.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Warrior Met Coal during the second quarter valued at approximately $31,000. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal in the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC raised its position in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares during the last quarter. 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. Finally, IFP Advisors Inc bought a new position in Warrior Met Coal during the 4th quarter valued at $37,000. Institutional investors own 92.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. B. Riley Financial raised 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. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. UBS Group decreased 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 research note on Thursday, August 6th. Finally, Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average target price of $102.60.

Insiders Place Their Bets

In related news, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the sale, the chief executive officer owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen D. Williams sold 4,800 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director owned 30,303 shares in the company, valued at $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,800 shares of company stock valued at $11,250,304 over the last three months. Company insiders own 2.10% of the company’s stock.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $108.74 on Thursday. The company has a market capitalization of $5.74 billion, a P/E ratio of 26.14 and a beta of 0.67. The company’s 50-day moving average is $88.99 and its 200 day moving average is $89.38. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. Warrior Met Coal has a fifty-two week low of $54.66 and a fifty-two week high of $111.42.

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

Warrior Met Coal Announces Dividend

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

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.