Bank of New York Mellon Corp Sells 11,280 Shares of Warrior Met Coal $HCC

Bank of New York Mellon Corp decreased its holdings in Warrior Met Coal (NYSE:HCC) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 391,799 shares of the company’s stock after selling 11,280 shares during the quarter. Bank of New York Mellon Corp’s holdings in Warrior Met Coal were worth $36,496,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Warrior Met Coal by 2,821,294.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after buying an additional 987,453 shares during the period. SG Americas Securities LLC raised its position 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 worth $16,069,000 after purchasing an additional 179,965 shares during the period. M&T Bank Corp bought a new stake in Warrior Met Coal in the 4th quarter valued at $3,045,000. Hosking Partners LLP lifted its holdings in shares of Warrior Met Coal by 2.9% in the fourth quarter. Hosking Partners LLP now owns 667,638 shares of the company’s stock valued at $58,866,000 after purchasing an additional 19,030 shares in the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in Warrior Met Coal by 25.8% during the fourth quarter. Moran Wealth Management LLC now owns 31,132 shares of the company’s stock worth $2,745,000 after purchasing an additional 6,392 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Trading Down 1.4%

Warrior Met Coal stock opened at $79.95 on Friday. The stock has a market cap of $4.22 billion, a P/E ratio of 30.52 and a beta of 0.65. 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 has a fifty-two week low of $49.07 and a fifty-two week high of $110.39. The firm’s fifty day moving average price is $88.09 and its 200-day moving average price is $89.08.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (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 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 business’s quarterly revenue was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.16) earnings per share. Equities research analysts forecast that Warrior Met Coal will post 6.89 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

HCC has been the subject of several recent analyst reports. Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. UBS Group dropped their price target on 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. 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 report on Wednesday, June 10th. Weiss Ratings downgraded Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Finally, Citigroup restated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.