Osaic Holdings Inc. Buys 40,159 Shares of Warrior Met Coal $HCC

Osaic Holdings Inc. boosted its position in shares of Warrior Met Coal (NYSE:HCC) by 2,261.2% during the second quarter, Holdings Channel.com reports. The fund owned 41,935 shares of the company’s stock after acquiring an additional 40,159 shares during the quarter. Osaic Holdings Inc.’s holdings in Warrior Met Coal were worth $1,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HCC. State Street Corp raised its position in shares of Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after purchasing an additional 825,807 shares during the period. L1 Capital Pty Ltd increased its stake in Warrior Met Coal by 175.8% in the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after buying an additional 1,262,736 shares in the last quarter. American Century Companies Inc. raised its holdings in Warrior Met Coal by 1.2% during the second quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock valued at $88,037,000 after acquiring an additional 23,698 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in shares of Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after acquiring an additional 1,069,025 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Warrior Met Coal by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock valued at $58,210,000 after acquiring an additional 15,851 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HCC shares. BMO Capital Markets lifted their target price on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. UBS Group lifted their price objective on shares of Warrior Met Coal from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wall Street Zen raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. Finally, B. Riley reiterated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.25.

Warrior Met Coal Stock Up 0.1%

NYSE HCC opened at $89.25 on Monday. The stock has a 50 day moving average price of $77.32 and a 200-day moving average price of $63.85. Warrior Met Coal has a one year low of $38.00 and a one year high of $89.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. The company has a market capitalization of $4.69 billion, a P/E ratio of 133.21 and a beta of 0.68.

Warrior Met Coal (NYSE:HCC) last announced its quarterly 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. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The company had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $302.51 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. Warrior Met Coal’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 47.76%.

Insider Buying and Selling

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the sale, the chief executive officer directly owned 394,183 shares of the company’s stock, valued at $29,563,725. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.