JPMorgan Chase & Co. Reduces Position in Warrior Met Coal $HCC

JPMorgan Chase & Co. trimmed its position in Warrior Met Coal (NYSE:HCC) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,040 shares of the company’s stock after selling 16,673 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.50% of Warrior Met Coal worth $16,613,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HCC. Hantz Financial Services Inc. increased its holdings in Warrior Met Coal by 266.1% in the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after buying an additional 455 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Warrior Met Coal by 4,337.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after buying an additional 694 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in Warrior Met Coal by 919.6% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock worth $60,000 after buying an additional 846 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Warrior Met Coal during the 3rd quarter worth about $76,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. UBS Group upped their price target on Warrior Met Coal from $100.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, March 12th. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Citigroup raised their price objective on shares of Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.60.

Warrior Met Coal Stock Performance

Shares of HCC opened at $95.70 on Friday. The company’s 50 day simple moving average is $88.62 and its 200-day simple moving average is $79.91. The firm has a market cap of $5.05 billion, a PE ratio of 87.80 and a beta of 0.69. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $105.35. The company has a current ratio of 3.19, a quick ratio of 2.27 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The business had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $381.72 million. During the same quarter last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 29.1% compared to the same quarter last year. As a group, equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio is currently 29.36%.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the completion of the sale, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This trade represents a 25.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 70,580 shares in the company, valued at $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by corporate insiders.

Warrior Met Coal Profile

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.