683 Capital Management LLC Has $882,000 Stock Position in Warrior Met Coal $HCC

683 Capital Management LLC lowered its stake in Warrior Met Coal (NYSE:HCC) by 81.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the company’s stock after selling 45,000 shares during the quarter. 683 Capital Management LLC’s holdings in Warrior Met Coal were worth $882,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares during the period. Meeder Asset Management Inc. bought a new position in Warrior Met Coal during the fourth quarter worth about $31,000. Parallel Advisors LLC lifted its holdings in Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares in the last quarter. IFP Advisors Inc bought a new position in Warrior Met Coal during the fourth quarter worth about $37,000. Finally, Jones Financial Companies Lllp lifted its holdings in Warrior Met Coal by 4,337.5% during the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after acquiring an additional 694 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the insider owned 67,775 shares of the company’s stock, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Zacks Research lowered Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group reduced their target price on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, May 1st. B. Riley Financial lifted their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $103.40.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $95.29 on Thursday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 36.37 and a beta of 0.62. The stock’s 50-day moving average is $91.25 and its 200-day moving average is $89.63. Warrior Met Coal has a one year low of $40.80 and a one year high of $110.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. Warrior Met Coal’s revenue was up 52.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.16) EPS. Equities analysts predict that Warrior Met Coal will post 6.89 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, May 1st. Warrior Met Coal’s payout ratio is 12.21%.

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.