Fifth Third Bancorp Acquires 11,746 Shares of Warrior Met Coal $HCC

Fifth Third Bancorp raised its holdings in Warrior Met Coal (NYSE:HCC) by 4,036.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,037 shares of the company’s stock after purchasing an additional 11,746 shares during the period. Fifth Third Bancorp’s holdings in Warrior Met Coal were worth $1,121,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Maryland State Retirement & Pension System lifted its stake in shares of Warrior Met Coal by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company’s stock valued at $677,000 after buying an additional 121 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Warrior Met Coal by 1.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock worth $1,060,000 after acquiring an additional 149 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Warrior Met Coal by 1.5% in the first quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock worth $1,066,000 after acquiring an additional 172 shares during the period. BTC Capital Management Inc. boosted its holdings in shares of Warrior Met Coal by 3.0% in the first quarter. BTC Capital Management Inc. now owns 7,824 shares of the company’s stock worth $729,000 after acquiring an additional 225 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in shares of Warrior Met Coal by 1.7% in the fourth quarter. Gotham Asset Management LLC now owns 13,213 shares of the company’s stock worth $1,165,000 after acquiring an additional 227 shares during the period. Institutional investors own 92.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HCC. B. Riley Financial raised their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. Weiss Ratings cut shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. UBS Group cut their price target on shares of Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Finally, Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.00.

Insiders Place Their Bets

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 67,775 shares in the company, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by insiders.

Warrior Met Coal Stock Down 1.4%

HCC stock opened at $79.95 on Friday. The company’s 50 day moving average is $88.09 and its 200 day moving average is $89.08. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 30.52 and a beta of 0.65. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 1-year low of $49.07 and a 1-year high of $110.39.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.37 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 the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.Warrior Met Coal’s quarterly revenue was up 52.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) EPS. Sell-side analysts predict that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Warrior Met Coal Company 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.