Warrior Met Coal (NYSE:HCC) Insider Kelli Gant Sells 20,000 Shares

Warrior Met Coal (NYSE:HCC) insider Kelli Gant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the insider owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Warrior Met Coal Stock Up 1.8%

Shares of HCC traded up $1.90 during mid-day trading on Thursday, hitting $107.78. 449,803 shares of the company’s stock were exchanged, compared to its average volume of 940,582. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42. Warrior Met Coal has a 52 week low of $40.80 and a 52 week high of $110.39. The company has a market cap of $5.69 billion, a PE ratio of 41.16 and a beta of 0.62. The company has a 50-day simple moving average of $90.81 and a 200 day simple moving average of $88.20.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. During the same quarter in the previous year, the company posted ($0.16) EPS. The business’s revenue for the quarter was up 52.9% compared to the same quarter last year. On average, research analysts forecast that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s dividend payout ratio is presently 12.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HCC. Adage Capital Partners GP L.L.C. grew its holdings in Warrior Met Coal by 130.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after buying an additional 1,069,025 shares in the last quarter. UBS Group AG boosted its position in shares of Warrior Met Coal by 219.2% in the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after acquiring an additional 1,067,247 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Warrior Met Coal by 2,821,294.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after acquiring an additional 987,453 shares in the last quarter. State Street Corp increased its position in Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after acquiring an additional 825,807 shares during the period. Finally, Goehring & Rozencwajg Associates LLC bought a new position in Warrior Met Coal during the first quarter worth about $55,714,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HCC shares. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. UBS Group lowered their price objective on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Zacks Research cut shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings cut Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, Citigroup upped their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.80.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.