OP Asset Management Ltd Purchases New Holdings in Warrior Met Coal $HCC

OP Asset Management Ltd purchased a new stake in Warrior Met Coal (NYSE:HCC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,452 shares of the company’s stock, valued at approximately $1,067,000.

Other hedge funds also recently modified their holdings of the company. Ashoka WhiteOak Capital Pte Ltd grew its holdings in shares of Warrior Met Coal by 207.2% during the 1st quarter. Ashoka WhiteOak Capital Pte Ltd now owns 131,232 shares of the company’s stock worth $12,365,000 after purchasing an additional 88,510 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Warrior Met Coal in the first quarter valued at $21,237,000. CENTRAL TRUST Co lifted its position in Warrior Met Coal by 65.8% in the first quarter. CENTRAL TRUST Co now owns 4,142 shares of the company’s stock worth $386,000 after purchasing an additional 1,644 shares during the period. Corient Private Wealth LLC bought a new position in Warrior Met Coal in the fourth quarter worth $202,000. Finally, NWF Advisory Services Inc. boosted its stake in Warrior Met Coal by 3.5% during the fourth quarter. NWF Advisory Services Inc. now owns 87,970 shares of the company’s stock worth $7,756,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of 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. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. B. Riley Financial upped their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Zacks Research lowered 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 cut their price target on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $103.40.

Warrior Met Coal Stock Performance

Warrior Met Coal stock opened at $81.14 on Tuesday. The firm has a market capitalization of $4.28 billion, a P/E ratio of 30.97 and a beta of 0.62. The stock has a fifty day moving average price of $90.89 and a two-hundred day moving average price of $89.95. Warrior Met Coal has a 52-week low of $43.43 and a 52-week high of $110.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate 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 prior year, the firm posted ($0.16) EPS. The firm’s revenue for the quarter was up 52.9% on a year-over-year basis. As a group, analysts anticipate that Warrior Met Coal will post 6.89 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a $0.08 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s payout ratio is 12.21%.

Insider Buying and Selling

In other Warrior Met Coal 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 transaction of $2,200,000.00. Following the sale, the insider directly owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. This represents a 22.79% 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 link. 2.10% of the stock is currently owned by company insiders.

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.