Trek Financial LLC Purchases New Stake in Warrior Met Coal $HCC

Trek Financial LLC purchased a new stake in Warrior Met Coal (NYSE:HCC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,442 shares of the company’s stock, valued at approximately $2,684,000. Trek Financial LLC owned about 0.06% of Warrior Met Coal as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swiss Life Asset Management Ltd acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $222,000. Hosking Partners LLP increased 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 during the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $506,000. Ballentine Partners LLC acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $211,000. Finally, Pittenger & Anderson Inc. increased its holdings in shares of Warrior Met Coal by 126.1% in the fourth quarter. Pittenger & Anderson Inc. now owns 16,515 shares of the company’s stock valued at $1,456,000 after purchasing an additional 9,210 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

HCC has been the subject of several recent analyst reports. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings raised Warrior Met Coal from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Citigroup raised their target price on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $102.80.

Warrior Met Coal Price Performance

HCC stock opened at $88.31 on Wednesday. The business has a fifty day moving average of $88.16 and a two-hundred day moving average of $85.87. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 33.71 and a beta of 0.61. Warrior Met Coal has a 52-week low of $40.80 and a 52-week high of $105.35.

Warrior Met Coal (NYSE:HCC) last posted its 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). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. During the same period last year, the business earned ($0.16) EPS. Warrior Met Coal’s revenue was up 52.9% compared to the same quarter last year. As a group, research analysts anticipate that Warrior Met Coal will post 6.78 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were given a dividend of $0.08 per share. 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 currently 12.21%.

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.