Warrior Met Coal Inc (HCC) Stake Lowered by Squarepoint Ops LLC

Squarepoint Ops LLC cut its stake in shares of Warrior Met Coal Inc (NYSE:HCC) by 27.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,900 shares of the company’s stock after selling 35,182 shares during the quarter. Squarepoint Ops LLC owned 0.17% of Warrior Met Coal worth $2,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Warrior Met Coal during the 4th quarter valued at approximately $810,000. Bank of America Corp DE grew its holdings in Warrior Met Coal by 94.8% during the 4th quarter. Bank of America Corp DE now owns 34,785 shares of the company’s stock valued at $839,000 after buying an additional 16,932 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Warrior Met Coal by 45.0% during the 4th quarter. Principal Financial Group Inc. now owns 49,398 shares of the company’s stock valued at $1,191,000 after buying an additional 15,320 shares in the last quarter. Stone Ridge Asset Management LLC grew its holdings in Warrior Met Coal by 37.0% during the 4th quarter. Stone Ridge Asset Management LLC now owns 30,557 shares of the company’s stock valued at $737,000 after buying an additional 8,249 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in Warrior Met Coal by 0.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 172,760 shares of the company’s stock valued at $4,166,000 after buying an additional 893 shares in the last quarter.

Shares of Warrior Met Coal stock traded up $0.16 during trading on Friday, hitting $30.88. 422,414 shares of the stock traded hands, compared to its average volume of 838,897. The firm has a market cap of $1.59 billion, a P/E ratio of 3.56 and a beta of 0.56. The company has a current ratio of 3.77, a quick ratio of 3.31 and a debt-to-equity ratio of 0.69. Warrior Met Coal Inc has a 52-week low of $20.88 and a 52-week high of $32.06.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, February 21st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $360.36 million for the quarter, compared to analyst estimates of $334.92 million. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. Analysts forecast that Warrior Met Coal Inc will post 5.61 earnings per share for the current year.

In related news, CEO Walter J. Scheller sold 34,283 shares of Warrior Met Coal 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal 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.

A number of research analysts recently weighed in on HCC shares. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a report on Wednesday, January 2nd. ValuEngine raised shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. B. Riley set a $33.00 target price on shares of Warrior Met Coal and gave the company a “hold” rating in a report on Tuesday, February 26th. Jefferies Financial Group initiated coverage on Warrior Met Coal in a research report on Wednesday, March 13th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Deutsche Bank initiated coverage on Warrior Met Coal in a research report on Sunday, March 31st. They issued a “buy” rating and a $35.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.44.

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Warrior Met Coal Company Profile

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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