Hosking Partners LLP Sells 52,080 Shares of Warrior Met Coal $HCC

Hosking Partners LLP trimmed its position in Warrior Met Coal (NYSE:HCC) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 582,400 shares of the company’s stock after selling 52,080 shares during the quarter. Warrior Met Coal accounts for 1.8% of Hosking Partners LLP’s portfolio, making the stock its 16th largest position. Hosking Partners LLP’s holdings in Warrior Met Coal were worth $51,292,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Warrior Met Coal during the 2nd quarter worth approximately $31,000. Meeder Asset Management Inc. acquired a new position in Warrior Met Coal during the 2nd quarter worth about $37,000. Allworth Financial LP acquired a new position in shares of Warrior Met Coal during the second quarter worth approximately $39,000. Nykredit A S acquired a new position in Warrior Met Coal during the 2nd quarter worth $50,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Warrior Met Coal during the second quarter valued at $68,000. Institutional investors own 92.28% of the company’s stock.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the transaction, the director owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the sale, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at $33,368,265. This represents a 13.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,800 shares of company stock worth $11,250,304 in the last quarter. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. UBS Group raised their price objective on shares of Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, October 8th. Wall Street Zen upgraded Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average target price of $104.50.

Warrior Met Coal Trading Up 0.2%

HCC stock opened at $84.29 on Thursday. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 20.26 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The company has a fifty day moving average price of $96.09 and a two-hundred day moving average price of $90.75. Warrior Met Coal has a one year low of $61.87 and a one year high of $111.42.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. During the same period in the prior year, the firm earned $0.11 EPS. The business’s revenue was up 71.3% on a year-over-year basis. Equities analysts anticipate that Warrior Met Coal will post 6.71 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is currently 7.69%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.