Janus Henderson Group PLC Increases Stake in Warrior Met Coal Inc (HCC)

Janus Henderson Group PLC lifted its holdings in Warrior Met Coal Inc (NYSE:HCC) by 20.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,374 shares of the company’s stock after purchasing an additional 1,927 shares during the quarter. Janus Henderson Group PLC’s holdings in Warrior Met Coal were worth $346,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Legal & General Group Plc increased its holdings in Warrior Met Coal by 19.9% during the third quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock worth $192,000 after buying an additional 1,176 shares during the last quarter. Sciencast Management LP acquired a new position in Warrior Met Coal during the first quarter worth $227,000. First Hawaiian Bank acquired a new position in Warrior Met Coal during the first quarter worth $252,000. Virtu Financial LLC acquired a new position in Warrior Met Coal during the first quarter worth $252,000. Finally, Denali Advisors LLC increased its holdings in Warrior Met Coal by 4,907.7% during the first quarter. Denali Advisors LLC now owns 9,164 shares of the company’s stock worth $279,000 after buying an additional 8,981 shares during the last quarter.

HCC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Royal Bank of Canada set a $33.00 target price on shares of Warrior Met Coal and gave the stock a “hold” rating in a report on Friday, May 3rd. TheStreet upgraded shares of Warrior Met Coal from a “c” rating to a “b-” rating in a report on Friday, April 12th. ValuEngine upgraded shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a report on Thursday, February 28th. Finally, B. Riley set a $33.00 target price on shares of Warrior Met Coal and gave the stock a “hold” rating in a report on Tuesday, February 26th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Warrior Met Coal has an average rating of “Buy” and a consensus price target of $34.67.

In other Warrior Met Coal news, insider Kelli K. Gant sold 3,283 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $31.76, for a total value of $104,268.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Walter J. Scheller sold 8,730 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $32.00, for a total transaction of $279,360.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,261 shares of company stock worth $2,450,353. Corporate insiders own 0.59% of the company’s stock.

NYSE:HCC opened at $26.70 on Friday. Warrior Met Coal Inc has a one year low of $20.88 and a one year high of $33.49. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 3.08 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.26 and a current ratio of 3.84.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.55. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The firm had revenue of $378.30 million for the quarter, compared to the consensus estimate of $326.30 million. During the same period in the previous year, the company earned $3.36 earnings per share. The company’s quarterly revenue was down 10.3% on a year-over-year basis. On average, analysts predict that Warrior Met Coal Inc will post 6.39 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th were issued a $4.41 dividend. The ex-dividend date was Friday, May 3rd. This represents a dividend yield of 0.62%. Warrior Met Coal’s dividend payout ratio is currently 2.31%.

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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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