State Street Corp purchased a new position in shares of Warrior Met Coal LLC (NYSE:HCC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 177,390 shares of the company’s stock, valued at approximately $3,040,000. State Street Corp owned about 0.33% of Warrior Met Coal as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of HCC. Apollo Management Holdings L.P. bought a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $173,185,000. Franklin Resources Inc. bought a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $82,178,000. Capital World Investors bought a new stake in Warrior Met Coal during the 2nd quarter valued at $25,953,000. Impala Asset Management LLC bought a new stake in Warrior Met Coal during the 2nd quarter valued at $21,590,000. Finally, Vanguard Group Inc. bought a new stake in Warrior Met Coal during the 2nd quarter valued at $21,144,000. 97.05% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total value of $524,776.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $560,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Franklin Mutual Advisers Llc sold 4,237 shares of Warrior Met Coal stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total value of $86,689.02. The disclosure for this sale can be found here.
A number of equities research analysts have weighed in on HCC shares. MKM Partners reaffirmed a “neutral” rating and set a $21.00 target price (up from $18.00) on shares of Warrior Met Coal in a research report on Thursday, August 24th. Zacks Investment Research lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $27.00 target price on shares of Warrior Met Coal in a research report on Wednesday, September 6th. Macquarie started coverage on Warrior Met Coal in a research report on Thursday, September 7th. They set an “underperform” rating and a $24.00 target price for the company. Finally, FBR & Co lifted their target price on Warrior Met Coal from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.75.
Shares of Warrior Met Coal LLC (NYSE HCC) traded up $0.08 during trading hours on Monday, hitting $23.90. The stock had a trading volume of 1,124,600 shares, compared to its average volume of 643,230. Warrior Met Coal LLC has a twelve month low of $15.10 and a twelve month high of $30.49.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, November 9th. The company reported $2.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. The business had revenue of $312.00 million for the quarter, compared to the consensus estimate of $301.89 million. Warrior Met Coal’s quarterly revenue was up 489.8% compared to the same quarter last year. sell-side analysts anticipate that Warrior Met Coal LLC will post 7.86 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th were issued a $11.21 dividend. The ex-dividend date was Friday, November 24th. This is an increase from Warrior Met Coal’s previous special dividend of $0.05. This represents a dividend yield of 0.75%.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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