Acadian Asset Management LLC raised its stake in shares of Warrior Met Coal LLC (NYSE:HCC) by 400.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,883,992 shares of the company’s stock after purchasing an additional 1,507,727 shares during the period. Acadian Asset Management LLC owned 3.52% of Warrior Met Coal worth $47,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Schwab Charles Investment Management Inc. raised its holdings in shares of Warrior Met Coal by 55.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 103,175 shares of the company’s stock worth $2,595,000 after buying an additional 36,850 shares during the period. Nisa Investment Advisors LLC purchased a new position in Warrior Met Coal during the 4th quarter worth $998,000. Impala Asset Management LLC increased its holdings in Warrior Met Coal by 5.7% during the 3rd quarter. Impala Asset Management LLC now owns 1,332,687 shares of the company’s stock worth $31,411,000 after purchasing an additional 72,327 shares during the period. Invictus RG purchased a new position in Warrior Met Coal during the 3rd quarter worth $257,000. Finally, Stifel Financial Corp purchased a new position in Warrior Met Coal during the 3rd quarter worth $2,190,000. Institutional investors and hedge funds own 98.61% of the company’s stock.
HCC has been the topic of several research reports. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, November 7th. ValuEngine downgraded Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. B. Riley restated a “hold” rating and set a $26.00 price objective on shares of Warrior Met Coal in a report on Friday, November 10th. FBR & Co set a $26.00 price objective on Warrior Met Coal and gave the stock a “hold” rating in a report on Tuesday, October 17th. Finally, Seaport Global Securities cut Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 18th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.67.
In other Warrior Met Coal news, Director Franklin Mutual Advisers Llc sold 4,237 shares of Warrior Met Coal stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $20.46, for a total transaction of $86,689.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $28.00, for a total value of $524,776.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $560,000. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.
Warrior Met Coal LLC (NYSE:HCC) traded up $0.12 during trading on Friday, hitting $26.84. The stock had a trading volume of 908,426 shares, compared to its average volume of 635,648. Warrior Met Coal LLC has a 52-week low of $15.10 and a 52-week high of $30.49. The firm has a market cap of $1,430.00 and a PE ratio of 3.62.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, November 9th. The company reported $2.27 EPS for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.01. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. The company had revenue of $312.00 million during the quarter, compared to analysts’ expectations of $301.89 million. The business’s quarterly revenue was up 489.8% on a year-over-year basis. research analysts predict that Warrior Met Coal LLC will post 8 earnings per share for the current fiscal year.
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About Warrior Met Coal
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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