Insider Selling: Warrior Met Coal, Inc. (NYSE:HCC) Insider Sells 10,000 Shares of Stock

Warrior Met Coal, Inc. (NYSE:HCC) insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Warrior Met Coal Trading Down 2.2 %

NYSE:HCC opened at $68.67 on Wednesday. Warrior Met Coal, Inc. has a 12 month low of $37.28 and a 12 month high of $75.53. The firm has a fifty day simple moving average of $66.24 and a 200-day simple moving average of $63.11. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.59 billion, a P/E ratio of 8.26 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The business had revenue of $503.50 million during the quarter, compared to the consensus estimate of $474.99 million. During the same period in the previous year, the firm posted $3.57 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.47%. Warrior Met Coal’s payout ratio is currently 3.85%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their target price for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. BMO Capital Markets raised their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, July 1st. Finally, B. Riley raised their target price on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.80.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. lifted its position in Warrior Met Coal by 50.0% during the third quarter. Adage Capital Partners GP L.L.C. now owns 75,000 shares of the company’s stock valued at $3,831,000 after purchasing an additional 25,000 shares during the period. Integrated Wealth Concepts LLC lifted its position in Warrior Met Coal by 86.7% during the third quarter. Integrated Wealth Concepts LLC now owns 31,174 shares of the company’s stock valued at $1,592,000 after purchasing an additional 14,474 shares during the period. Walleye Capital LLC lifted its position in Warrior Met Coal by 214.2% during the third quarter. Walleye Capital LLC now owns 45,813 shares of the company’s stock valued at $2,340,000 after purchasing an additional 31,233 shares during the period. Verity Asset Management Inc. lifted its position in Warrior Met Coal by 33.0% during the third quarter. Verity Asset Management Inc. now owns 8,354 shares of the company’s stock valued at $427,000 after purchasing an additional 2,074 shares during the period. Finally, American Century Companies Inc. lifted its position in Warrior Met Coal by 10.7% during the third quarter. American Century Companies Inc. now owns 961,388 shares of the company’s stock valued at $49,108,000 after purchasing an additional 92,941 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.