Marnell Management LLC Invests $6.54 Million in Warrior Met Coal $HCC

Marnell Management LLC bought a new position in Warrior Met Coal (NYSE:HCC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 74,184 shares of the company’s stock, valued at approximately $6,541,000. Warrior Met Coal comprises approximately 3.2% of Marnell Management LLC’s holdings, making the stock its 3rd biggest holding.

Several other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its position in shares of Warrior Met Coal by 1.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock worth $1,060,000 after acquiring an additional 149 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Warrior Met Coal by 12.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after acquiring an additional 168 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Warrior Met Coal by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 10,143 shares of the company’s stock worth $894,000 after acquiring an additional 312 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Warrior Met Coal by 1.2% in the fourth quarter. State of Alaska Department of Revenue now owns 26,768 shares of the company’s stock worth $2,360,000 after acquiring an additional 316 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Shares of HCC opened at $98.22 on Monday. The company’s 50 day moving average price is $91.24 and its 200 day moving average price is $89.28. Warrior Met Coal has a 52 week low of $40.80 and a 52 week high of $110.39. The company has a market capitalization of $5.19 billion, a PE ratio of 37.49 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data 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 company had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. During the same period in the previous year, the firm posted ($0.16) earnings per share. The business’s revenue for the quarter was up 52.9% on a year-over-year basis. Research analysts expect that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s payout ratio is presently 12.21%.

Analyst Ratings Changes

HCC has been the topic of several analyst reports. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. B. Riley Financial lifted their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday. Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, UBS Group dropped their target price on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.40.

Insider Buying and Selling

In related news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

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.