Warrior Met Coal (NYSE:HCC) Insider Sells $2,200,000.00 in Stock

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

Warrior Met Coal Stock Down 5.6%

Shares of HCC opened at $99.95 on Friday. The company has a market capitalization of $5.28 billion, a PE ratio of 38.15 and a beta of 0.62. Warrior Met Coal has a 12 month low of $40.80 and a 12 month high of $110.39. The stock’s 50-day moving average price is $91.08 and its two-hundred day moving average price is $88.48. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11.

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

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, May 1st. Warrior Met Coal’s payout ratio is currently 12.21%.

Institutional Trading of Warrior Met Coal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Warrior Met Coal in the 4th quarter valued at about $31,000. Parallel Advisors LLC increased its position in Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after buying an additional 302 shares in the last quarter. IFP Advisors Inc bought a new stake in Warrior Met Coal in the 4th quarter valued at about $37,000. Hantz Financial Services Inc. increased its position in Warrior Met Coal by 266.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after buying an additional 455 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares in the last quarter. 92.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HCC has been the topic of a number of recent analyst reports. Citigroup boosted 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. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. UBS Group dropped their price objective on 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. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Finally, Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Warrior Met Coal currently has an average rating of “Hold” and an average 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.