Seven Eight Capital LP Sells 14,141 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Seven Eight Capital LP reduced its position in Warrior Met Coal, Inc. (NYSE:HCC) by 29.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,550 shares of the company’s stock after selling 14,141 shares during the quarter. Seven Eight Capital LP’s holdings in Warrior Met Coal were worth $2,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Warrior Met Coal by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 523,538 shares of the company’s stock worth $31,920,000 after acquiring an additional 5,537 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Warrior Met Coal in the 4th quarter worth about $231,000. Janney Montgomery Scott LLC raised its position in Warrior Met Coal by 8.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 63,081 shares of the company’s stock worth $3,846,000 after buying an additional 4,902 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Warrior Met Coal by 79.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after purchasing an additional 442 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Warrior Met Coal during the 4th quarter valued at approximately $202,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now directly owns 61,678 shares in the company, valued at approximately $4,629,550.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value 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 disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Warrior Met Coal Stock Performance

NYSE HCC opened at $52.43 on Thursday. The stock has a market cap of $2.74 billion, a PE ratio of 6.34 and a beta of 1.02. The company has a current ratio of 6.37, a quick ratio of 5.37 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a twelve month low of $44.60 and a twelve month high of $75.53. The stock has a fifty day simple moving average of $61.63 and a 200-day simple moving average of $63.02.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. The firm had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. Warrior Met Coal’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. Equities analysts anticipate that Warrior Met Coal, Inc. will post 5.55 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley decreased their target price on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.60.

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.