Franklin Resources Inc. lowered its position in shares of Warrior Met Coal Inc (NYSE:HCC) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,721,838 shares of the company’s stock after selling 301,567 shares during the quarter. Franklin Resources Inc. owned about 8.83% of Warrior Met Coal worth $118,755,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in Warrior Met Coal during the third quarter valued at $135,000. UBS Asset Management Americas Inc. bought a new position in shares of Warrior Met Coal during the 4th quarter worth about $206,000. The Manufacturers Life Insurance Company bought a new position in shares of Warrior Met Coal during the 2nd quarter worth about $219,000. Royal Bank of Canada bought a new position in shares of Warrior Met Coal during the 2nd quarter worth about $228,000. Finally, Invictus RG bought a new position in shares of Warrior Met Coal during the 3rd quarter worth about $257,000.
In related news, COO Jack K. Richardson sold 50,991 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $31.79, for a total value of $1,621,003.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $30.98, for a total transaction of $1,549,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,097 shares of company stock worth $4,461,619.
Warrior Met Coal Inc (HCC) opened at $28.95 on Wednesday. Warrior Met Coal Inc has a 1 year low of $15.10 and a 1 year high of $33.72. The firm has a market cap of $1,537.79 and a PE ratio of 3.36. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.48 and a quick ratio of 1.98.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.16. Warrior Met Coal had a net margin of 38.92% and a return on equity of 61.78%. The business had revenue of $239.80 million for the quarter, compared to analysts’ expectations of $227.72 million. equities analysts expect that Warrior Met Coal Inc will post 5.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 23rd were given a $0.05 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.20 annualized dividend and a yield of 0.69%. Warrior Met Coal’s payout ratio is 2.32%.
Warrior Met Coal 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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