7,305 Shares in Warrior Met Coal $HCC Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. bought a new stake in Warrior Met Coal (NYSE:HCC) during the third quarter, HoldingsChannel reports. The institutional investor bought 7,305 shares of the company’s stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors have also modified their holdings of HCC. L1 Capital Pty Ltd boosted its holdings in Warrior Met Coal by 175.8% during the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after acquiring an additional 1,262,736 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after buying an additional 1,069,025 shares during the period. State Street Corp lifted its holdings in Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after buying an additional 825,807 shares in the last quarter. QV Investors Inc. purchased a new position in Warrior Met Coal in the 3rd quarter valued at approximately $10,549,000. Finally, Hi Line Capital Management LLC acquired a new position in shares of Warrior Met Coal in the second quarter worth $3,315,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider owned 70,580 shares in the company, valued at $7,058,000. This represents a 12.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the transaction, the chief executive officer directly owned 294,183 shares in the company, valued at $29,509,496.73. The trade was a 25.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 128,966 shares of company stock valued at $12,453,450. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of recent research reports. Jefferies Financial Group lifted their target price on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. UBS Group set a $108.00 price objective on Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, B. Riley reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Warrior Met Coal has an average rating of “Hold” and an average target price of $93.50.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $89.29 on Friday. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35. The firm has a market capitalization of $4.69 billion, a P/E ratio of 133.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. The company’s fifty day moving average price is $88.63 and its 200 day moving average price is $71.86.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.91. The business had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. As a group, sell-side analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal 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.