Gilder Gagnon Howe & Co. LLC Lowers Holdings in Warrior Met Coal Inc. (HCC)
Gilder Gagnon Howe & Co. LLC decreased its position in Warrior Met Coal Inc. (NYSE:HCC) by 96.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,674 shares of the company’s stock after selling 239,768 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Warrior Met Coal were worth $204,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of HCC. Skylands Capital LLC purchased a new position in shares of Warrior Met Coal in the 2nd quarter worth about $2,870,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $1,074,000. First Mercantile Trust Co. bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth $131,000. Rhumbline Advisers bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth $343,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth $1,038,000. 97.77% of the stock is currently owned by institutional investors.
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In other news, Director Stephen D. Williams sold 18,742 shares of Warrior Met Coal stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $28.00, for a total transaction of $524,776.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $560,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.15% of the stock is currently owned by insiders.
A number of analysts recently issued reports on the company. ValuEngine cut Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. MKM Partners reaffirmed a “buy” rating and issued a $28.00 price target on shares of Warrior Met Coal in a research report on Tuesday, September 12th. B. Riley reissued a “hold” rating and set a $26.00 price objective on shares of Warrior Met Coal in a research report on Friday, November 10th. Zacks Investment Research lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Citigroup Inc. upped their price objective on Warrior Met Coal from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.92.
Shares of Warrior Met Coal Inc. (HCC) opened at $28.00 on Friday. Warrior Met Coal Inc. has a 1 year low of $15.10 and a 1 year high of $28.58.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.01. The firm had revenue of $312.00 million for the quarter, compared to analysts’ expectations of $301.89 million. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. The company’s revenue was up 489.8% on a year-over-year basis. equities analysts predict that Warrior Met Coal Inc. will post 7.39 earnings per share for the current year.
The firm also recently declared a special dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be issued a dividend of $11.21 per share. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, November 24th. This is a positive change from Warrior Met Coal’s previous special dividend of $0.05.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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