17,420 Shares in Warrior Met Coal $HCC Acquired by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Warrior Met Coal (NYSE:HCC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,420 shares of the company’s stock, valued at approximately $798,000.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 23.1% in the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 253 shares during the period. Covestor Ltd grew its position in Warrior Met Coal by 14.6% during the first quarter. Covestor Ltd now owns 2,622 shares of the company’s stock worth $125,000 after buying an additional 335 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Warrior Met Coal in the 2nd quarter worth about $207,000. SG Americas Securities LLC bought a new position in Warrior Met Coal in the 2nd quarter worth about $227,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Warrior Met Coal by 70.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,023 shares of the company’s stock valued at $230,000 after acquiring an additional 2,077 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 18,966 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the transaction, the chief executive officer directly owned 394,183 shares of the company’s stock, valued at approximately $29,563,725. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by insiders.

Warrior Met Coal Stock Down 0.9%

Shares of HCC opened at $77.56 on Tuesday. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $85.86. 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 stock has a 50 day simple moving average of $69.83 and a two-hundred day simple moving average of $58.85. The firm has a market cap of $4.08 billion, a P/E ratio of 115.76 and a beta of 0.68.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.91. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The firm had revenue of $328.59 million during the quarter, compared to analyst estimates of $302.51 million. During the same period in the previous year, the business posted $0.80 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.32 annualized dividend and a yield of 0.4%. Warrior Met Coal’s payout ratio is currently 47.76%.

Analysts Set New Price Targets

Several brokerages have recently commented on HCC. B. Riley reissued a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Zacks Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. BMO Capital Markets increased their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. UBS Group set a $80.00 price objective on shares of Warrior Met Coal in a research report on Monday, November 24th. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.75.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.