Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.01 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

Posted by Defense World Staff on Aug 18th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC – Free Report) by 1.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 54,693 shares of the company’s stock after selling 588 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.11% of Warrior Met Coal worth $2,008,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HCC. Envestnet Asset Management Inc. acquired a new stake in Warrior Met Coal during the 1st quarter worth $235,000. Bank of New York Mellon Corp grew its holdings in Warrior Met Coal by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 624,104 shares of the company’s stock worth $23,161,000 after acquiring an additional 16,725 shares during the period. Citigroup Inc. grew its holdings in Warrior Met Coal by 9.7% during the 1st quarter. Citigroup Inc. now owns 46,040 shares of the company’s stock worth $1,709,000 after acquiring an additional 4,079 shares during the period. Bank of Montreal Can grew its holdings in Warrior Met Coal by 502.1% during the 1st quarter. Bank of Montreal Can now owns 80,742 shares of the company’s stock worth $3,031,000 after acquiring an additional 67,332 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Warrior Met Coal by 59.4% during the 1st quarter. MetLife Investment Management LLC now owns 27,476 shares of the company’s stock worth $1,020,000 after acquiring an additional 10,240 shares during the period. Institutional investors and hedge funds own 93.66% of the company’s stock.

Warrior Met Coal Price Performance

HCC opened at $39.71 on Friday. The company has a fifty day moving average price of $39.37 and a two-hundred day moving average price of $37.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 8.68 and a current ratio of 9.79. Warrior Met Coal, Inc. has a 52 week low of $26.37 and a 52 week high of $44.82. The firm has a market capitalization of $2.07 billion, a PE ratio of 4.45 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.39). The firm had revenue of $379.66 million for the quarter, compared to the consensus estimate of $407.47 million. Warrior Met Coal had a return on equity of 31.67% and a net margin of 28.47%. The company’s revenue for the quarter was down 39.3% compared to the same quarter last year. During the same period in the prior year, the business earned $5.87 earnings per share. As a group, analysts anticipate that Warrior Met Coal, Inc. will post 8.33 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.71%. Warrior Met Coal’s dividend payout ratio is 3.14%.

Warrior Met Coal Profile

(Free Report)

Warrior Met Coal, Inc produces and exports non-thermal 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.