Pittenger & Anderson Inc. Makes New $465,000 Investment in Warrior Met Coal $HCC

Pittenger & Anderson Inc. purchased a new position in shares of Warrior Met Coal (NYSE:HCC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,305 shares of the company’s stock, valued at approximately $465,000.

Several other institutional investors have also recently made changes to their positions in HCC. NWF Advisory Services Inc. lifted its holdings in Warrior Met Coal by 9.4% during the third quarter. NWF Advisory Services Inc. now owns 84,970 shares of the company’s stock worth $5,407,000 after buying an additional 7,320 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Warrior Met Coal in the 3rd quarter valued at about $213,000. James Investment Research Inc. grew its position in shares of Warrior Met Coal by 13.5% in the 3rd quarter. James Investment Research Inc. now owns 15,746 shares of the company’s stock worth $1,002,000 after buying an additional 1,875 shares during the last quarter. Strs Ohio bought a new position in shares of Warrior Met Coal during the 3rd quarter worth approximately $76,000. Finally, QV Investors Inc. purchased a new stake in Warrior Met Coal during the third quarter valued at approximately $10,549,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

NYSE:HCC opened at $89.29 on Friday. The stock has a market capitalization of $4.69 billion, a PE ratio of 133.27 and a beta of 0.63. The stock’s 50-day moving average price is $88.63 and its 200-day moving average price is $71.86. The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $105.35.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million during the quarter, compared to the consensus estimate of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 EPS. As a group, equities analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HCC. Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Jefferies Financial Group increased their price target on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. UBS Group set a $108.00 price target on shares of Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets lifted their price objective on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Three 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 stock currently has an average rating of “Hold” and a consensus target price of $93.50.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the transaction, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at $29,509,496.73. This trade represents a 25.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider directly owned 70,580 shares of the company’s stock, valued at $7,058,000. This represents a 12.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,966 shares of company stock valued at $12,453,450 over the last quarter. Company insiders own 2.10% of the company’s stock.

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.