OP Asset Management Ltd Makes New $1.07 Million Investment in Warrior Met Coal $HCC

OP Asset Management Ltd purchased a new position in shares of Warrior Met Coal (NYSE:HCC) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,452 shares of the company’s stock, valued at approximately $1,067,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Warrior Met Coal in the fourth quarter worth $31,000. EverSource Wealth Advisors LLC raised its holdings in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth about $37,000. Finally, Aster Capital Management DIFC Ltd boosted its stake in shares of Warrior Met Coal by 919.6% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock worth $60,000 after acquiring an additional 846 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Insider Activity

In related news, insider Kelli K. Gant sold 20,000 shares of the business’s 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 transaction, the insider owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Warrior Met Coal Price Performance

NYSE HCC opened at $81.14 on Tuesday. The stock has a 50-day simple moving average of $90.89 and a 200 day simple moving average of $89.95. Warrior Met Coal has a twelve month low of $43.43 and a twelve month high of $110.39. The stock has a market capitalization of $4.28 billion, a PE ratio of 30.97 and a beta of 0.62. 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 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 business 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%. The business’s quarterly revenue was up 52.9% compared to the same quarter last year. During the same period last year, the business earned ($0.16) EPS. Research analysts anticipate that Warrior Met Coal will post 6.89 EPS for the current year.

Warrior Met Coal Dividend Announcement

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

Analysts Set New Price Targets

HCC has been the topic of a number of analyst reports. B. Riley Financial increased their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. UBS Group decreased their target price on 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. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.