O Shaughnessy Asset Management LLC Has $546,000 Stake in Warrior Met Coal Inc (HCC)
O Shaughnessy Asset Management LLC lowered its position in shares of Warrior Met Coal Inc (NYSE:HCC) by 26.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,292 shares of the company’s stock after selling 7,275 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Warrior Met Coal were worth $546,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of HCC. Sun Life Financial INC bought a new stake in shares of Warrior Met Coal in the second quarter worth $211,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Warrior Met Coal in the second quarter worth $217,000. Bowling Portfolio Management LLC bought a new stake in shares of Warrior Met Coal in the second quarter worth $221,000. NumerixS Investment Technologies Inc bought a new stake in shares of Warrior Met Coal in the second quarter worth $225,000. Finally, United Services Automobile Association bought a new stake in shares of Warrior Met Coal in the second quarter worth $256,000.
In other news, CEO Walter J. Scheller sold 34,250 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.32, for a total transaction of $935,710.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.29, for a total transaction of $272,900.00. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.
HCC stock opened at $25.65 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.73 and a quick ratio of 2.23. Warrior Met Coal Inc has a 1-year low of $18.56 and a 1-year high of $33.72. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 3.25 and a beta of 0.48.
Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, October 31st. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). Warrior Met Coal had a net margin of 33.38% and a return on equity of 94.17%. The business had revenue of $273.30 million for the quarter, compared to the consensus estimate of $278.46 million. During the same quarter in the previous year, the firm earned $2.27 EPS. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. Equities research analysts predict that Warrior Met Coal Inc will post 8.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Friday, November 2nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.20 annualized dividend and a yield of 0.78%. Warrior Met Coal’s payout ratio is 2.53%.
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About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
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