Warrior Met Coal $HCC Position Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in Warrior Met Coal (NYSE:HCC) by 2.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,632,234 shares of the company’s stock after selling 46,849 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Warrior Met Coal were worth $152,051,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. boosted its position in Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after acquiring an additional 1,069,025 shares during the period. UBS Group AG lifted its stake 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 valued at $98,901,000 after purchasing an additional 1,067,247 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 purchasing an additional 987,453 shares during the last quarter. State Street Corp boosted its holdings in Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after buying an additional 825,807 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC acquired a new position in Warrior Met Coal in the first quarter worth approximately $55,714,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Trading Down 0.1%

Shares of NYSE HCC opened at $79.95 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 30.52 and a beta of 0.65. Warrior Met Coal has a 52 week low of $49.07 and a 52 week high of $110.39. The business has a 50 day simple moving average of $88.09 and a 200 day simple moving average of $89.08.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $458.59 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 52.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) EPS. On average, research analysts predict that Warrior Met Coal will post 6.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on HCC. Weiss Ratings cut Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. B. Riley Financial raised their price objective 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. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. UBS Group reduced their price objective on shares of Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Finally, Wall Street Zen cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average target price of $103.00.

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.