Public Employees Retirement Association of Colorado Takes $282,000 Position in Warrior Met Coal, Inc. (NYSE:HCC)

Public Employees Retirement Association of Colorado purchased a new position in Warrior Met Coal, Inc. (NYSE:HCC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,486 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wulff Hansen & CO. grew its position in Warrior Met Coal by 6,177.0% in the 2nd quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after purchasing an additional 326,269 shares during the last quarter. Hosking Partners LLP grew its holdings in Warrior Met Coal by 68.9% in the 2nd quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock worth $30,264,000 after buying an additional 196,601 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in Warrior Met Coal in the 1st quarter valued at approximately $9,234,000. Jupiter Asset Management Ltd. bought a new stake in Warrior Met Coal during the 1st quarter valued at $7,021,000. Finally, Forest Avenue Capital Management LP acquired a new position in Warrior Met Coal during the 4th quarter worth $6,725,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analyst Ratings Changes

HCC has been the topic of a number of research analyst reports. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley dropped their price target on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target of $72.60.

Warrior Met Coal Price Performance

NYSE:HCC opened at $64.65 on Friday. Warrior Met Coal, Inc. has a 52-week low of $44.76 and a 52-week high of $75.53. The company has a quick ratio of 5.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average price is $59.70 and its 200 day moving average price is $62.95. The firm has a market cap of $3.38 billion, a P/E ratio of 7.78 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The firm had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. During the same quarter in the previous year, the business posted $1.63 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Warrior Met Coal, Inc. will post 5.55 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Insider Activity

In related news, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the transaction, the chief executive officer now owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the transaction, the chief executive officer now directly owns 340,485 shares in the company, valued at $25,587,447.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the sale, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal 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.