Warrior Met Coal $HCC Shares Sold by BTC Capital Management Inc.

BTC Capital Management Inc. lowered its stake in Warrior Met Coal (NYSE:HCC) by 62.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,599 shares of the company’s stock after selling 12,887 shares during the period. BTC Capital Management Inc.’s holdings in Warrior Met Coal were worth $671,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Affinity Wealth Management LLC lifted its position in shares of Warrior Met Coal by 6.2% during the fourth quarter. Affinity Wealth Management LLC now owns 36,150 shares of the company’s stock worth $3,187,000 after purchasing an additional 2,098 shares during the last quarter. SG Americas Securities LLC raised its stake in Warrior Met Coal by 7,875.9% during the fourth quarter. SG Americas Securities LLC now owns 182,250 shares of the company’s stock valued at $16,069,000 after buying an additional 179,965 shares in the last quarter. Hardin Capital Partners LLC acquired a new stake in Warrior Met Coal during the fourth quarter valued at approximately $223,000. GAMMA Investing LLC lifted its holdings in Warrior Met Coal by 18.3% during the 4th quarter. GAMMA Investing LLC now owns 2,165 shares of the company’s stock worth $191,000 after buying an additional 335 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in Warrior Met Coal during the 3rd quarter worth approximately $354,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. UBS Group boosted their target price on shares of Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, March 27th. Finally, Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $103.40.

Insider Activity at Warrior Met Coal

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

Warrior Met Coal Stock Down 1.3%

HCC stock opened at $91.94 on Thursday. The stock has a market cap of $4.85 billion, a PE ratio of 84.35 and a beta of 0.69. The firm’s 50-day simple moving average is $88.21 and its 200 day simple moving average is $81.07. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $105.35. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last posted its 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 return on equity of 2.71% and a net margin of 4.35%.The firm had revenue of $383.99 million during the quarter, compared to the consensus estimate of $381.72 million. During the same quarter last year, the company posted $0.15 EPS. Warrior Met Coal’s revenue for the quarter was up 29.1% on a year-over-year basis. As a group, sell-side analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

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

Warrior Met Coal Company 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.