River Road Asset Management LLC Has $21.94 Million Position in Warrior Met Coal $HCC

River Road Asset Management LLC lowered its stake in shares of Warrior Met Coal (NYSE:HCC) by 74.3% in the fourth quarter, Holdings Channel reports. The firm owned 248,815 shares of the company’s stock after selling 719,366 shares during the period. River Road Asset Management LLC’s holdings in Warrior Met Coal were worth $21,938,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in Warrior Met Coal during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares during the period. IFP Advisors Inc bought a new stake in shares of Warrior Met Coal during the 4th quarter worth $37,000. Finally, Jones Financial Companies Lllp grew its stake in Warrior Met Coal by 4,337.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after buying an additional 694 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Transactions at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the insider owned 67,775 shares in the company, valued at approximately $7,455,250. The trade was a 22.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HCC has been the topic of several recent analyst reports. B. Riley Financial lifted their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. UBS Group decreased their price target on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 3rd. Finally, Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $103.40.

Warrior Met Coal Stock Down 4.7%

HCC opened at $90.57 on Friday. The business has a 50 day moving average of $91.21 and a 200-day moving average of $89.72. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 34.57 and a beta of 0.62. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 1-year low of $40.80 and a 1-year high of $110.39.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The company had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The company’s revenue was up 52.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) EPS. As a group, sell-side analysts anticipate that Warrior Met Coal will post 6.89 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s dividend payout ratio (DPR) is currently 12.21%.

About Warrior Met Coal

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.