Moran Wealth Management LLC Grows Stock Position in Warrior Met Coal $HCC

Moran Wealth Management LLC grew its stake in Warrior Met Coal (NYSE:HCC) by 23.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,423 shares of the company’s stock after buying an additional 7,291 shares during the quarter. Moran Wealth Management LLC’s holdings in Warrior Met Coal were worth $3,579,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in Warrior Met Coal during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 467 shares in the last quarter. Parallel Advisors LLC increased 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 valued at $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at $37,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at $63,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

HCC opened at $80.52 on Monday. Warrior Met Coal has a twelve month low of $47.88 and a twelve month high of $110.39. The firm has a market capitalization of $4.25 billion, a PE ratio of 30.73 and a beta of 0.65. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $90.23 and its 200 day moving average price is $89.88.

Warrior Met Coal (NYSE:HCC) last issued 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 net margin of 9.36% and a return on equity of 6.44%. The company had revenue of $458.59 million during the quarter, compared to analysts’ expectations of $467.57 million. During the same quarter in the previous year, the company earned ($0.16) earnings per share. The firm’s quarterly revenue was up 52.9% compared to the same quarter last year. As a group, sell-side analysts expect that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s payout ratio is presently 12.21%.

Insider Buying and Selling

In other news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the insider directly owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HCC shares. Weiss Ratings lowered shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. B. Riley Financial upped their price target on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Finally, UBS Group dropped their price objective on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

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.