American International Group Inc. boosted its position in Warrior Met Coal Inc (NYSE:HCC) by 97.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,280 shares of the company’s stock after acquiring an additional 10,990 shares during the quarter. American International Group Inc.’s holdings in Warrior Met Coal were worth $560,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Acadian Asset Management LLC increased its stake in Warrior Met Coal by 400.7% in the fourth quarter. Acadian Asset Management LLC now owns 1,883,992 shares of the company’s stock valued at $47,384,000 after purchasing an additional 1,507,727 shares during the last quarter. Vanguard Group Inc. purchased a new position in Warrior Met Coal in the second quarter valued at approximately $21,144,000. BlackRock Inc. increased its stake in Warrior Met Coal by 74.5% in the fourth quarter. BlackRock Inc. now owns 1,804,709 shares of the company’s stock valued at $45,389,000 after purchasing an additional 770,654 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new position in Warrior Met Coal in the fourth quarter valued at approximately $10,588,000. Finally, Bank of New York Mellon Corp increased its stake in Warrior Met Coal by 488.1% in the fourth quarter. Bank of New York Mellon Corp now owns 375,758 shares of the company’s stock valued at $9,450,000 after purchasing an additional 311,868 shares during the last quarter.
In related news, insider Brian M. Chopin sold 21,106 shares of Warrior Met Coal stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $31.84, for a total value of $672,015.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $30.98, for a total transaction of $619,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 174,533 shares of company stock worth $5,400,965. 0.51% of the stock is currently owned by insiders.
NYSE:HCC traded up $0.62 during midday trading on Monday, reaching $28.63. The stock had a trading volume of 571,520 shares, compared to its average volume of 734,541. Warrior Met Coal Inc has a 12-month low of $15.10 and a 12-month high of $33.72. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.48 and a quick ratio of 1.98. The firm has a market cap of $1,492.50 and a price-to-earnings ratio of 3.43.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.16. Warrior Met Coal had a net margin of 38.92% and a return on equity of 61.78%. The firm had revenue of $239.80 million for the quarter, compared to analyst estimates of $227.72 million. analysts expect that Warrior Met Coal Inc will post 6.93 earnings per share for the current fiscal year.
Several brokerages have commented on HCC. Macquarie upgraded shares of Warrior Met Coal from an “underperform” rating to a “hold” rating in a research note on Tuesday, January 23rd. Credit Suisse Group raised their target price on shares of Warrior Met Coal from $18.75 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. B. Riley restated a “hold” rating and set a $28.00 target price on shares of Warrior Met Coal in a research report on Wednesday, January 17th. ValuEngine upgraded shares of Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Royal Bank of Canada lowered shares of Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 target price on the stock. in a research report on Monday, December 4th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $28.92.
Warrior Met Coal Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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