Dimensional Fund Advisors LP Increases Position in Warrior Met Coal, Inc. (NYSE:HCC)

Dimensional Fund Advisors LP increased its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,863,024 shares of the company’s stock after purchasing an additional 45,950 shares during the quarter. Dimensional Fund Advisors LP owned 3.56% of Warrior Met Coal worth $116,937,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HCC. Vanguard Personalized Indexing Management LLC acquired a new stake in Warrior Met Coal in the 4th quarter valued at about $231,000. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after buying an additional 442 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Warrior Met Coal during the fourth quarter valued at approximately $202,000. US Bancorp DE raised its stake in shares of Warrior Met Coal by 4,886.7% during the fourth quarter. US Bancorp DE now owns 16,157 shares of the company’s stock valued at $985,000 after purchasing an additional 15,833 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Warrior Met Coal by 24.5% during the fourth quarter. Hsbc Holdings PLC now owns 194,176 shares of the company’s stock valued at $11,864,000 after purchasing an additional 38,165 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Activity

In related news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now owns 61,678 shares in the company, valued at $4,629,550.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of recent analyst reports. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley decreased their price objective on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.60.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $55.57 on Tuesday. Warrior Met Coal, Inc. has a fifty-two week low of $44.76 and a fifty-two week high of $75.53. The firm’s 50-day simple moving average is $60.39 and its 200 day simple moving average is $62.87. The company has a quick ratio of 5.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.91 billion, a P/E ratio of 6.69 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The firm had revenue of $396.52 million for the quarter, compared to analysts’ expectations of $387.91 million. During the same period in the previous year, the business earned $1.63 earnings per share. Warrior Met Coal’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts expect that Warrior Met Coal, Inc. will post 5.55 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 annualized dividend and a yield of 0.58%. Warrior Met Coal’s payout ratio is presently 3.85%.

Warrior Met Coal Profile

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.