Moran Wealth Management LLC Grows Stake in Warrior Met Coal $HCC

Moran Wealth Management LLC lifted its stake in Warrior Met Coal (NYSE:HCC) by 23.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,423 shares of the company’s stock after purchasing an additional 7,291 shares during the quarter. Moran Wealth Management LLC owned 0.07% of Warrior Met Coal worth $3,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HCC. Capital International Investors lifted its position in Warrior Met Coal by 27.1% in the third quarter. Capital International Investors now owns 852,403 shares of the company’s stock worth $54,247,000 after buying an additional 181,975 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 acquiring an additional 987,453 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Warrior Met Coal by 7,875.9% in the fourth quarter. SG Americas Securities LLC now owns 182,250 shares of the company’s stock valued at $16,069,000 after acquiring an additional 179,965 shares during the period. M&T Bank Corp purchased a new stake in shares of Warrior Met Coal in the fourth quarter valued at $3,045,000. Finally, Hosking Partners LLP lifted its holdings in shares of Warrior Met Coal by 2.9% in the 4th quarter. Hosking Partners LLP now owns 667,638 shares of the company’s stock worth $58,866,000 after acquiring an additional 19,030 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of HCC opened at $80.52 on Monday. The company has a 50 day moving average of $90.23 and a two-hundred day moving average of $89.88. 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 twelve month low of $47.88 and a twelve month high of $110.39. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 30.73 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last released 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 business had revenue of $458.59 million during the quarter, compared to analysts’ expectations of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The company’s quarterly revenue was up 52.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) earnings per share. As a group, analysts predict that Warrior Met Coal will post 6.89 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company 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. 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 dividend payout ratio (DPR) is presently 12.21%.

Insider Activity at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the insider owned 67,775 shares in the company, valued at $7,455,250. This represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HCC shares. Weiss Ratings lowered shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. UBS Group lowered 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 report on Tuesday, June 30th. Finally, B. Riley Financial upped their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

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.