ACT Capital Management LLC Purchases Shares of 12,000 Warrior Met Coal $HCC

ACT Capital Management LLC purchased a new stake in Warrior Met Coal (NYSE:HCC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,000 shares of the company’s stock, valued at approximately $1,058,000. Warrior Met Coal comprises approximately 0.9% of ACT Capital Management LLC’s investment portfolio, making the stock its 24th biggest position.

Several other hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in Warrior Met Coal by 9.2% in the fourth quarter. AQR Capital Management LLC now owns 11,042 shares of the company’s stock valued at $974,000 after purchasing an additional 931 shares during the last quarter. Abel Hall LLC purchased a new stake in Warrior Met Coal in the fourth quarter valued at $322,000. Cetera Investment Advisers boosted its holdings in Warrior Met Coal by 9.5% in the fourth quarter. Cetera Investment Advisers now owns 7,315 shares of the company’s stock valued at $645,000 after purchasing an additional 634 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its holdings in Warrior Met Coal by 12.0% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock valued at $144,355,000 after purchasing an additional 175,500 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Warrior Met Coal in the fourth quarter valued at $2,916,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. This represents a 22.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Warrior Met Coal Trading Up 2.0%

Shares of Warrior Met Coal stock opened at $95.29 on Thursday. The firm has a 50-day simple moving average of $91.25 and a two-hundred day simple moving average of $89.63. The company has a market cap of $5.03 billion, a P/E ratio of 36.37 and a beta of 0.62. Warrior Met Coal has a fifty-two week low of $40.80 and a fifty-two week high of $110.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The firm had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. During the same quarter last year, the company posted ($0.16) EPS. The company’s revenue was up 52.9% on a year-over-year basis. As a group, 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s dividend payout ratio is 12.21%.

Wall Street Analysts Forecast Growth

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

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.