Warrior Met Coal (NYSE:HCC) Shares Down 6.4% – Here’s Why

Warrior Met Coal (NYSE:HCC)’s stock price traded down 6.4% during trading on Monday . The stock traded as low as $93.00 and last traded at $92.03. 507,163 shares changed hands during trading, a decline of 38% from the average session volume of 811,771 shares. The stock had previously closed at $98.37.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HCC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. UBS Group upped their target price on Warrior Met Coal from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, November 6th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, BMO Capital Markets increased their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.00.

Warrior Met Coal Price Performance

The company has a 50-day moving average of $87.17 and a 200-day moving average of $70.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 133.46 and a beta of 0.63.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.91. The company had revenue of $328.59 million for the quarter, compared to the consensus estimate of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The company’s revenue was up .3% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. As a group, equities research analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, November 7th. Warrior Met Coal’s dividend payout ratio (DPR) is 47.76%.

Insider Buying and Selling at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the sale, the chief executive officer owned 294,183 shares of the company’s stock, valued at $29,509,496.73. The trade was a 25.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the transaction, the insider owned 70,580 shares in the company, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,966 shares of company stock worth $12,453,450 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors have recently added to or reduced their stakes in the business. L1 Capital Pty Ltd grew its holdings in shares of Warrior Met Coal by 175.8% in the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after acquiring an additional 1,262,736 shares during the period. Adage Capital Partners GP L.L.C. grew its holdings in Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after purchasing an additional 1,069,025 shares during the last quarter. UBS Group AG grew its holdings in Warrior Met Coal by 219.2% in the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after purchasing an additional 1,067,247 shares during the last quarter. State Street Corp increased its position in shares of Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. raised its stake in shares of Warrior Met Coal by 31.4% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,461,738 shares of the company’s stock worth $93,025,000 after buying an additional 349,400 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.