Illinois Municipal Retirement Fund Has $1.70 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

Illinois Municipal Retirement Fund lowered its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 4.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,073 shares of the company’s stock after selling 1,336 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of Warrior Met Coal worth $1,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of Warrior Met Coal in the fourth quarter valued at approximately $25,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Warrior Met Coal in the fourth quarter worth $38,000. SYSTM Wealth Solutions LLC bought a new stake in shares of Warrior Met Coal in the first quarter worth $39,000. Quadrant Capital Group LLC lifted its position in shares of Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after purchasing an additional 442 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Warrior Met Coal in the first quarter worth $104,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of HCC stock traded up $2.08 on Friday, reaching $70.83. The company had a trading volume of 667,266 shares, compared to its average volume of 844,696. The stock has a market capitalization of $3.70 billion, a PE ratio of 8.52 and a beta of 1.05. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. Warrior Met Coal, Inc. has a one year low of $37.28 and a one year high of $75.53. The business’s 50-day moving average is $66.39 and its 200 day moving average is $63.26.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.61. The firm had revenue of $503.50 million during the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.57 EPS. Equities research analysts forecast that Warrior Met Coal, Inc. will post 6.98 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HCC shares. BMO Capital Markets upped their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. B. Riley upped their price objective on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price target for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, July 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.80.

Insider Transactions at Warrior Met Coal

In related news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 61,678 shares in the company, valued at $4,629,550.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 61,678 shares in the company, valued at $4,629,550.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the transaction, the chief executive officer now owns 340,485 shares in the company, 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.

Warrior Met Coal Company 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.