Toronto Dominion Bank Makes New Investment in Warrior Met Coal Inc (NYSE:HCC)
Toronto Dominion Bank bought a new position in Warrior Met Coal Inc (NYSE:HCC) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 29,723 shares of the company’s stock, valued at approximately $820,000.
A number of other hedge funds have also recently modified their holdings of the business. NumerixS Investment Technologies Inc increased its position in Warrior Met Coal by 10.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 7,202 shares of the company’s stock worth $218,000 after purchasing an additional 701 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Warrior Met Coal by 170.6% during the 2nd quarter. Advisor Group Inc. now owns 1,510 shares of the company’s stock worth $40,000 after acquiring an additional 952 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Warrior Met Coal by 13.7% during the 2nd quarter. First Hawaiian Bank now owns 9,440 shares of the company’s stock worth $247,000 after acquiring an additional 1,140 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Warrior Met Coal by 9.7% during the 2nd quarter. Alps Advisors Inc. now owns 15,797 shares of the company’s stock worth $413,000 after acquiring an additional 1,396 shares in the last quarter. Finally, HCR Wealth Advisors bought a new stake in shares of Warrior Met Coal during the 1st quarter worth about $224,000.
In related news, CFO Dale W. Boyles bought 1,200 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $22.22 per share, with a total value of $26,664.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.59% of the company’s stock.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, July 31st. The company reported $2.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.47. Warrior Met Coal had a return on equity of 62.99% and a net margin of 47.01%. The business had revenue of $397.61 million during the quarter, compared to analysts’ expectations of $311.62 million. During the same period in the prior year, the firm posted $1.81 EPS. Warrior Met Coal’s quarterly revenue was up 23.3% compared to the same quarter last year. As a group, equities analysts expect that Warrior Met Coal Inc will post 6.33 EPS for the current fiscal year.
Several research firms have recently issued reports on HCC. MKM Partners upped their price target on Warrior Met Coal to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. ValuEngine downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Deutsche Bank set a $34.00 price target on Warrior Met Coal and gave the stock a “buy” rating in a research note on Thursday, July 11th. B. Riley set a $30.00 price target on Warrior Met Coal and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Finally, TheStreet downgraded Warrior Met Coal from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.56.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
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