Systrade AG Makes New Investment in Warrior Met Coal $HCC

Systrade AG acquired a new stake in Warrior Met Coal (NYSE:HCC) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 19,839 shares of the company’s stock, valued at approximately $1,747,000. Warrior Met Coal makes up 0.9% of Systrade AG’s portfolio, making the stock its 9th biggest position.

A number of other large investors also recently bought and sold shares of HCC. O Keefe Stevens Advisory Inc. lifted its stake in shares of Warrior Met Coal by 1.0% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 293,482 shares of the company’s stock worth $25,847,000 after acquiring an additional 2,913 shares during the period. Hardin Capital Partners LLC increased its stake in shares of Warrior Met Coal by 11.6% during the third quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock worth $255,000 after acquiring an additional 300 shares during the period. GAMMA Investing LLC raised its holdings in Warrior Met Coal by 9.2% during the third quarter. GAMMA Investing LLC now owns 2,795 shares of the company’s stock worth $246,000 after purchasing an additional 235 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Warrior Met Coal by 11.1% during the second quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock worth $220,000 after purchasing an additional 272 shares in the last quarter. Finally, WINTON GROUP Ltd lifted its position in Warrior Met Coal by 4.1% in the second quarter. WINTON GROUP Ltd now owns 14,587 shares of the company’s stock valued at $1,184,000 after purchasing an additional 574 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the transaction, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 104,800 shares of company stock valued at $11,250,304 in the last three months. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on HCC. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group upped their price objective on Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada upped their price target on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 16th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.50.

Warrior Met Coal Price Performance

Shares of NYSE:HCC traded up $3.26 during midday trading on Friday, hitting $93.06. 565,008 shares of the stock were exchanged, compared to its average volume of 814,931. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.91 billion, a P/E ratio of 22.37 and a beta of 0.72. The company has a 50 day moving average price of $95.98 and a 200-day moving average price of $91.06. Warrior Met Coal has a twelve month low of $61.87 and a twelve month high of $111.42.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. The company had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The company’s revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. On average, research analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is 7.69%.

About Warrior Met Coal

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.