Warrior Met Coal $HCC Holdings Boosted by Ashoka WhiteOak Capital Pte Ltd

Ashoka WhiteOak Capital Pte Ltd increased its position in shares of Warrior Met Coal (NYSE:HCC) by 207.2% in the 1st quarter, HoldingsChannel reports. The firm owned 131,232 shares of the company’s stock after purchasing an additional 88,510 shares during the period. Warrior Met Coal comprises approximately 4.7% of Ashoka WhiteOak Capital Pte Ltd’s holdings, making the stock its 5th largest position. Ashoka WhiteOak Capital Pte Ltd’s holdings in Warrior Met Coal were worth $12,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Warrior Met Coal by 25.2% in 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 in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Warrior Met Coal by 130.4% in the 2nd 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 purchasing an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after buying an additional 5,077 shares during the period. Maple Rock Capital Partners Inc. lifted its stake in shares of Warrior Met Coal by 12.0% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock worth $144,355,000 after purchasing an additional 175,500 shares during the period. Finally, UBS Group AG lifted its position in Warrior Met Coal by 219.2% during the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after buying an additional 1,067,247 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 2.3%

NYSE HCC opened at $84.13 on Thursday. The stock has a market cap of $4.44 billion, a PE ratio of 32.11 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 business has a 50 day moving average price of $91.16 and a two-hundred day moving average price of $89.91. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data 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). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The firm had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. During the same quarter in the prior year, the business earned ($0.16) EPS. The company’s revenue for the quarter was up 52.9% on a year-over-year basis. As a group, sell-side analysts predict that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, May 1st. Warrior Met Coal’s dividend payout ratio (DPR) is presently 12.21%.

Wall Street Analyst Weigh In

HCC has been the subject of several research reports. B. Riley Financial boosted their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. UBS Group dropped their target price 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. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Finally, Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Warrior Met Coal has a consensus rating of “Hold” and an average price target of $103.40.

Insider Transactions at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction on 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by company 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.