Edgestream Partners L.P. Buys New Position in Warrior Met Coal, Inc. (NYSE:HCC)

Edgestream Partners L.P. bought a new stake in Warrior Met Coal, Inc. (NYSE:HCC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,521 shares of the company’s stock, valued at approximately $942,000.

Other institutional investors also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. bought a new stake in shares of Warrior Met Coal in the first quarter valued at approximately $7,021,000. Anthracite Investment Company Inc. boosted its holdings in Warrior Met Coal by 53.2% in the 1st quarter. Anthracite Investment Company Inc. now owns 75,488 shares of the company’s stock valued at $4,582,000 after purchasing an additional 26,200 shares during the period. High Ground Investment Management LLP acquired a new stake in Warrior Met Coal in the 1st quarter worth $4,663,000. ProShare Advisors LLC grew its position in Warrior Met Coal by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 10,439 shares of the company’s stock worth $634,000 after purchasing an additional 718 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Warrior Met Coal by 2.0% during the 1st quarter. Russell Investments Group Ltd. now owns 111,333 shares of the company’s stock worth $6,758,000 after purchasing an additional 2,222 shares during the period. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Price Performance

NYSE:HCC traded down $0.70 during mid-day trading on Tuesday, hitting $67.72. The company’s stock had a trading volume of 130,585 shares, compared to its average volume of 779,566. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $67.05 and a 200-day moving average of $63.61. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 8.23 and a beta of 1.05. Warrior Met Coal, Inc. has a fifty-two week low of $38.01 and a fifty-two week high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61. The business had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. Warrior Met Coal’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.57 EPS. As a group, equities analysts forecast that Warrior Met Coal, Inc. will post 7.11 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 6th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.47%. Warrior Met Coal’s payout ratio is presently 3.85%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HCC. BMO Capital Markets increased their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. B. Riley boosted their price objective on Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, July 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus price target of $72.80.

Insider Activity

In related news, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the sale, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Warrior Met Coal Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.