X Square Capital LLC Sells 9,650 Shares of Warrior Met Coal $HCC

X Square Capital LLC decreased its position in Warrior Met Coal (NYSE:HCC) by 56.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,500 shares of the company’s stock after selling 9,650 shares during the period. X Square Capital LLC’s holdings in Warrior Met Coal were worth $477,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. L1 Capital Pty Ltd boosted its position in shares of Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after buying an additional 1,262,736 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its position in Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after purchasing an additional 1,069,025 shares in the last quarter. State Street Corp lifted its position in shares of Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares in the last quarter. QV Investors Inc. purchased a new position in Warrior Met Coal during the third quarter valued at approximately $10,549,000. Finally, Allianz Asset Management GmbH boosted its holdings in Warrior Met Coal by 9.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock worth $98,239,000 after buying an additional 130,396 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Warrior Met Coal Trading Down 0.6%

HCC opened at $84.96 on Monday. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 77.95 and a beta of 0.65. The stock has a fifty day moving average price of $91.00 and a 200-day moving average price of $75.72. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35. The company has a current ratio of 3.19, a quick ratio of 2.27 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last released its quarterly 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 firm had revenue of $383.99 million during the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The firm’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. As a group, equities research analysts anticipate 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 will be paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd will be paid a $0.08 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is 29.36%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. BMO Capital Markets upped their price target on Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. UBS Group set a $108.00 price objective on shares of Warrior Met Coal and gave the company a “buy” rating in a research report on Thursday, January 29th. Jefferies Financial Group upped their target price on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Zacks Research downgraded shares of 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus price target of $105.00.

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.