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Mudita Advisors Trims Warrior Met Coal Stake
Description
Mudita Advisors significantly reduced their holdings in Warrior Met Coal, selling 361,765 shares in Q1, earning $32.58 million. Their remaining stake, now valued at $31.03 million, accounts for just 3.31% of their U.S. equity assets. Warrior Met Coal, a metallurgical coal miner from Alabama, saw a 53% sales increase in Q1, reaching $458.6 million, and a 263% adjusted EBITDA surge to $143.4 million. With the Blue Creek mine fully operational and costs down 14% per ton, Warrior Met Coal is prepared for future market fluctuations.
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