Bank of New York Mellon Corp Raises Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Bank of New York Mellon Corp lifted its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 543,020 shares of the company's stock after acquiring an additional 16,574 shares during the period. Bank of New York Mellon Corp owned 1.04% of Warrior Met Coal worth $34,085,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its stake in Warrior Met Coal by 9.7% during the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company's stock valued at $44,485,000 after purchasing an additional 64,672 shares during the last quarter. Forest Avenue Capital Management LP purchased a new position in Warrior Met Coal in the fourth quarter worth about $6,725,000. Wellington Management Group LLP grew its position in Warrior Met Coal by 7.1% in the fourth quarter. Wellington Management Group LLP now owns 90,211 shares of the company's stock worth $5,500,000 after acquiring an additional 6,015 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in Warrior Met Coal in the first quarter worth about $604,000. Finally, US Bancorp DE boosted its position 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 buying an additional 15,833 shares during the period. Institutional investors own 92.28% of the company's stock.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction 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 owns 340,485 shares of the company's stock, valued at $25,587,447.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the completion of the sale, the insider now directly owns 61,678 shares in the company, valued at $4,629,550.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Walter J. Scheller sold 23,148 shares of the business'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 in the company, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.

Warrior Met Coal Stock Down 7.9 %

Shares of Warrior Met Coal stock traded down $4.85 during trading on Tuesday, hitting $56.46. 846,162 shares of the stock were exchanged, compared to its average volume of 769,414. Warrior Met Coal, Inc. has a 12-month low of $40.63 and a 12-month high of $75.53. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 6.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The firm's 50-day moving average price is $64.72 and its 200 day moving average price is $63.31.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. During the same period in the previous year, the business posted $1.63 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Warrior Met Coal, Inc. will post 6.87 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal's payout ratio is 3.85%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HCC. B. Riley lifted their price target on shares of Warrior Met Coal from $91.00 to $92.00 and gave the company a "buy" rating in a research note on Friday, August 2nd. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

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.