Systrade AG Makes New $1.75 Million Investment in Warrior Met Coal $HCC

Systrade AG bought a new stake in Warrior Met Coal (NYSE:HCC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,839 shares of the company’s stock, valued at approximately $1,747,000. Warrior Met Coal comprises approximately 0.9% of Systrade AG’s holdings, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HCC. Maple Rock Capital Partners Inc. boosted its position in shares of Warrior Met Coal by 77.2% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company’s stock worth $20,579,000 after acquiring an additional 110,500 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Warrior Met Coal during the 2nd quarter worth about $10,641,000. Ashoka WhiteOak Capital Pte Ltd purchased a new stake in Warrior Met Coal during the second quarter worth approximately $11,394,000. The Manufacturers Life Insurance Company purchased a new stake in Warrior Met Coal during the second quarter worth approximately $2,534,000. Finally, Cibc World Market Inc. acquired a new position in Warrior Met Coal in the second quarter valued at approximately $813,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the sale, the chief executive officer owned 267,793 shares in the company, valued at approximately $29,457,230. This represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen Williams sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the transaction, the director directly owned 30,303 shares in the company, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 104,800 shares of company stock valued at $11,250,304 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented 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. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their target price on shares of Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 16th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, UBS Group boosted their price target on shares of Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.50.

Warrior Met Coal Stock Performance

HCC traded up $3.26 during trading on Friday, hitting $93.06. 565,008 shares of the stock were exchanged, compared to its average volume of 814,931. The firm has a market capitalization of $4.91 billion, a P/E ratio of 22.37 and a beta of 0.72. Warrior Met Coal has a 1-year low of $61.87 and a 1-year high of $111.42. The stock has a fifty day moving average price of $95.98 and a two-hundred day moving average price of $91.06. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $488.46 million. During the same period in the previous year, the company posted $0.11 EPS. The company’s quarterly revenue was up 71.3% on a year-over-year basis. As a group, sell-side analysts predict that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

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

Warrior Met Coal Company Profile

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.