Mercer Global Advisors Inc. ADV Buys 408 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 6.0% in the second quarter, Holdings Channel reports. The institutional investor owned 7,246 shares of the company’s stock after purchasing an additional 408 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Warrior Met Coal were worth $455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after buying an additional 144 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new stake in shares of Warrior Met Coal in the 1st quarter worth $39,000. EntryPoint Capital LLC bought a new stake in shares of Warrior Met Coal in the 1st quarter worth $54,000. Ausbil Investment Management Ltd bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth $82,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Warrior Met Coal in the 1st quarter worth $104,000. Institutional investors own 92.28% of the company’s stock.

Insider Activity

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

Warrior Met Coal Stock Performance

Shares of HCC opened at $64.65 on Friday. The firm has a market capitalization of $3.38 billion, a P/E ratio of 7.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The business has a fifty day moving average of $59.70 and a 200 day moving average of $62.95. Warrior Met Coal, Inc. has a one year low of $44.76 and a one year high of $75.53.

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

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.49%. Warrior Met Coal’s payout ratio is 3.85%.

Analyst Ratings Changes

A number of research firms have commented on HCC. B. Riley reduced their target price on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.60.

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.