Prudential Financial Inc. Has $1.28 Million Stake in Warrior Met Coal Inc (HCC)

Prudential Financial Inc. lifted its position in shares of Warrior Met Coal Inc (NYSE:HCC) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,891 shares of the company’s stock after buying an additional 1,631 shares during the quarter. Prudential Financial Inc. owned approximately 0.10% of Warrior Met Coal worth $1,275,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in Warrior Met Coal by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 9,916 shares of the company’s stock valued at $239,000 after purchasing an additional 386 shares during the last quarter. Legal & General Group Plc raised its stake in Warrior Met Coal by 19.9% in the 3rd quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock valued at $192,000 after purchasing an additional 1,176 shares during the last quarter. Rehmann Capital Advisory Group acquired a new position in Warrior Met Coal in the 3rd quarter valued at about $58,000. TIAA CREF Investment Management LLC raised its stake in Warrior Met Coal by 5.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 68,999 shares of the company’s stock valued at $1,866,000 after purchasing an additional 3,591 shares during the last quarter. Finally, American International Group Inc. raised its stake in Warrior Met Coal by 22.5% in the 3rd quarter. American International Group Inc. now owns 28,655 shares of the company’s stock valued at $775,000 after purchasing an additional 5,254 shares during the last quarter.

Several research analysts recently weighed in on HCC shares. Jefferies Financial Group set a $40.00 target price on shares of Warrior Met Coal and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Deutsche Bank started coverage on Warrior Met Coal in a report on Sunday, March 31st. They issued a “buy” rating and a $35.00 price target for the company. B. Riley set a $33.00 price target on Warrior Met Coal and gave the company a “hold” rating in a report on Tuesday, February 26th. Zacks Investment Research cut Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, ValuEngine cut Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.44.

In other news, CEO Walter J. Scheller sold 34,283 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $28.91, for a total transaction of $991,121.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $28.83, for a total value of $288,300.00. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.

Shares of NYSE:HCC traded up $0.15 during trading on Monday, reaching $30.60. 344,707 shares of the stock were exchanged, compared to its average volume of 819,706. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.31 and a current ratio of 3.77. Warrior Met Coal Inc has a 12-month low of $20.88 and a 12-month high of $32.06. The stock has a market capitalization of $1.56 billion, a P/E ratio of 3.53 and a beta of 0.56.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, February 21st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.22. Warrior Met Coal had a return on equity of 92.83% and a net margin of 50.56%. The business had revenue of $360.36 million during the quarter, compared to analysts’ expectations of $334.92 million. During the same quarter in the previous year, the business earned $1.83 EPS. The company’s revenue for the quarter was up 50.3% on a year-over-year basis. Analysts predict that Warrior Met Coal Inc will post 5.61 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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