First Trust Advisors LP Decreases Stock Holdings in Warrior Met Coal $HCC

First Trust Advisors LP reduced its holdings in shares of Warrior Met Coal (NYSE:HCC) by 27.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 700,320 shares of the company’s stock after selling 270,684 shares during the quarter. First Trust Advisors LP owned approximately 1.33% of Warrior Met Coal worth $44,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in Warrior Met Coal by 217.2% in 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 during the period. Hantz Financial Services Inc. raised its stake in shares of Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Warrior Met Coal by 4,337.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after buying an additional 694 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of Warrior Met Coal by 919.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock worth $60,000 after buying an additional 846 shares during the last quarter. Finally, Strs Ohio bought a new position in Warrior Met Coal during the third quarter valued at about $76,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Trading Up 5.1%

Shares of Warrior Met Coal stock opened at $84.68 on Thursday. The stock has a market capitalization of $4.45 billion, a P/E ratio of 77.69 and a beta of 0.69. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $105.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.27 and a current ratio of 3.19. The stock’s 50-day simple moving average is $89.92 and its 200 day simple moving average is $77.71.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The business had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.Warrior Met Coal’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. As a group, research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $0.32 annualized dividend and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is 29.36%.

Insider Buying and Selling

In related news, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the transaction, the chief executive officer directly owned 294,183 shares in the company, valued at approximately $29,509,496.73. The trade was a 25.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the sale, the insider directly owned 70,580 shares in the company, valued at $7,058,000. The trade was a 12.41% decrease in their position. The SEC filing for this sale provides additional information. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HCC has been the subject of a number of research analyst reports. UBS Group set a $108.00 price objective on shares of Warrior Met Coal and gave the stock a “buy” rating in a report on Thursday, January 29th. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Jefferies Financial Group raised their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $105.00.

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.