In a surprising turn of events, Ritholtz Wealth Management has made significant strides in boosting its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the first quarter of this year. According to their most recent 13F filing with the Securities and Exchange Commission (SEC), the firm acquired an additional 5,065 shares, resulting in a 30.3% increase in their holdings. As a result, Ritholtz Wealth Management now owns 21,755 shares of Warrior Met Coal’s stock, with an estimated value of $799,000 as of the end of the reporting period.
The recent quarterly earnings report from Warrior Met Coal sheds light on why Ritholtz Wealth Management made such a bold move. On May 3rd, the company announced an impressive earnings per share (EPS) of $3.57 for the quarter, surpassing analysts’ expectations by $1.45. This outstanding performance highlights the company’s ability to outperform market projections and demonstrates its strong financial standing.
Warrior Met Coal also boasts remarkable margins and returns on equity. With a net margin of 36.22% and a return on equity reaching 49.16%, it is evident that the company has employed effective strategies to optimize its profitability and generate substantial returns for its shareholders.
The firm’s revenue for the quarter stood at an impressive $509.70 million, significantly surpassing consensus estimates of $413.82 million—an astonishing 34.6% increase compared to the same period last year. These figures not only showcase Warrior Met Coal’s ability to continuously expand its operations but also highlight its resilience in times where others may falter.
As we enter into July 2023, sell-side analysts remain optimistic about Warrior Met Coal’s future prospects. On average, they predict that the company will post an EPS of 8.91 for this current fiscal year—a testimony to their belief in the company’s continued success going forward.
For those seeking a deeper understanding of how various hedge funds are engaging with Warrior Met Coal, Inc. (NYSE:HCC), HoldingsChannel.com provides an invaluable resource. Through this platform, investors can gain access to the latest 13F filings and insider trades, enabling them to make more informed decisions regarding their own holdings.
Warrior Met Coal has undeniably positioned itself as a formidable player in the market, attracting attention and investments from firms like Ritholtz Wealth Management. As they continue to exceed expectations and solidify their financial standing, it will be interesting to see how Warrior Met Coal navigates future opportunities and challenges in the coal industry.
Warrior Met Coal, Inc.
HCC
Buy
Updated on: 03/07/2023
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Institutional Investors Show Growing Interest in Warrior Met Coal as Stock Holdings Increase
Warrior Met Coal, Inc., a leading producer and exporter of non-thermal metallurgical coal, has seen an increase in its holdings by various institutional investors and hedge funds. Unison Advisors LLC, for instance, has grown its stakes in Warrior Met Coal by 2.0% during the fourth quarter. As a result, Unison Advisors now owns 14,652 shares of the company’s stock valued at $508,000 after acquiring an additional 289 shares during the last quarter.
Another notable institution that boosted its stake is the State Board of Administration of Florida Retirement System. They increased their holdings in Warrior Met Coal by 2.9% during the fourth quarter, owning 13,019 shares valued at $451,000 after purchasing an additional 370 shares.
Putnam Investments LLC also saw an increase of holdings by 0.8% in the third quarter, reaching a total of 62,948 shares worth $1,791,000 after acquiring an additional 471 shares from Warrior Met Coal.
Arizona State Retirement System took advantage of this opportunity and raised its stake by 3.8% during the same period. With ownership of 14,575 shares worth $505,000 after purchasing an extra 538 shares.
Lastly, State of Wyoming lifted its holdings by a staggering 8.7%, now holding 7,597 shares valued at $263,000. This was achieved through the acquisition of an additional 605 shares in the fourth quarter.
These recent moves highlight a growing interest among institutional investors towards Warrior Met Coal’s stocks. Currently, approximately 93.66% of the stock is owned by such investors.
Warrior Met Coal stock opened at $38.95 on Monday with a one-year low of $26.11 and a one-year high of $42.95—a testament to its…
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