Assenagon Asset Management S.A. Invests $21.24 Million in Warrior Met Coal $HCC

Assenagon Asset Management S.A. purchased a new stake in Warrior Met Coal (NYSE:HCC) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 227,985 shares of the company’s stock, valued at approximately $21,237,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HCC. Victory Capital Management Inc. grew its holdings in shares of Warrior Met Coal by 7.3% during the third quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock worth $52,095,000 after purchasing an additional 55,416 shares in the last quarter. Capital International Investors boosted its holdings in Warrior Met Coal by 27.1% in the third quarter. Capital International Investors now owns 852,403 shares of the company’s stock valued at $54,247,000 after acquiring an additional 181,975 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Warrior Met Coal by 2,821,294.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after buying an additional 987,453 shares during the period. Kennondale Capital Management LLC boosted its stake in Warrior Met Coal by 42.6% during the third quarter. Kennondale Capital Management LLC now owns 55,030 shares of the company’s stock worth $3,502,000 after acquiring an additional 16,444 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of 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 purchasing an additional 179,965 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Insider Transactions 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 sale, the insider owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. This represents a 22.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

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

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $81.18 on Friday. The business’s 50 day moving average price is $90.99 and its 200 day moving average price is $89.87. The firm has a market cap of $4.29 billion, a P/E ratio of 30.99 and a beta of 0.62. 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 has a 52 week low of $42.28 and a 52 week high of $110.39.

Warrior Met Coal (NYSE:HCC) last announced its quarterly 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 firm had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business’s quarterly revenue was up 52.9% on a year-over-year basis. During the same period last year, the company posted ($0.16) earnings per share. On average, sell-side analysts expect that Warrior Met Coal will post 6.89 earnings per share for the current 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 given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s payout ratio is presently 12.21%.

About Warrior Met Coal

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.