SG Americas Securities LLC Sells 173,966 Shares of Warrior Met Coal $HCC

SG Americas Securities LLC trimmed its position in shares of Warrior Met Coal (NYSE:HCC) by 95.5% in the first quarter, Holdings Channel reports. The fund owned 8,284 shares of the company’s stock after selling 173,966 shares during the quarter. SG Americas Securities LLC’s holdings in Warrior Met Coal were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in HCC. State Street Corp lifted its position in shares of 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 purchasing an additional 825,807 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Warrior Met Coal by 130.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after buying an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Warrior Met Coal by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after buying an additional 5,077 shares during the last quarter. Maple Rock Capital Partners Inc. increased its position in Warrior Met Coal by 12.0% in the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock worth $144,355,000 after buying an additional 175,500 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Warrior Met Coal by 219.2% during the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after buying an additional 1,067,247 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on HCC. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. UBS Group decreased their price target on shares of Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Weiss Ratings downgraded shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Finally, B. Riley Financial upped their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.00.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the sale, the insider owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. This represents a 22.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $78.11 on Tuesday. Warrior Met Coal has a 1-year low of $47.88 and a 1-year high of $110.39. The firm has a market capitalization of $4.12 billion, a PE ratio of 29.97 and a beta of 0.65. The business’s 50 day moving average is $90.08 and its 200-day moving average is $89.86. 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 (NYSE:HCC) last issued its earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The business’s revenue for the quarter was up 52.9% compared to the same quarter last year. Sell-side analysts predict that Warrior Met Coal will post 6.89 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a dividend of $0.08 per share. 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 is currently 12.21%.

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.