T. Rowe Price discloses 5.1% Warrior Met Coal (NYSE: HCC) stake
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. reports beneficial ownership of 2,700,036 shares of Warrior Met Coal Inc. common stock, representing 5.1% of the class as of the reported event date. It has sole voting power over 2,661,448 shares and sole dispositive power over 2,700,028 shares.
The firm certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Warrior Met Coal. The filing also states that T. Rowe Price Associates denies being the beneficial owner of the securities referenced.
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FAQ
What stake in Warrior Met Coal (HCC) did T. Rowe Price report?
T. Rowe Price Associates, Inc. reported beneficial ownership of 2,700,036 shares of Warrior Met Coal common stock. This position represents 5.1% of the company’s outstanding common stock, based on the figures disclosed in the Schedule 13G ownership section.
How much of Warrior Met Coal’s voting power does T. Rowe Price control?
T. Rowe Price Associates, Inc. has sole voting power over 2,661,448 Warrior Met Coal shares. The filing shows no shared voting power, indicating that all voting authority reported is held on a sole basis for this share amount.
Why did T. Rowe Price file a Schedule 13G for Warrior Met Coal (HCC)?
T. Rowe Price filed because its reported holdings exceeded 5% of Warrior Met Coal’s common stock. The firm certifies the position was acquired and is held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.
Does T. Rowe Price seek to influence control of Warrior Met Coal with this stake?
No. T. Rowe Price explicitly certifies the securities were not acquired and are not held for the purpose or effect of changing or influencing control. The firm states the shares are held in the ordinary course of business and denies beneficial ownership of the securities.
What type of reporting person is T. Rowe Price in this Warrior Met Coal filing?
The filing identifies T. Rowe Price Associates, Inc., a Maryland corporation, as the reporting person. It is classified under the Schedule 13G framework as an investment adviser consistent with Rule 13d-1(b)(1)(ii)(E), based on the checkbox options presented in the document.