First Trust Advisors LP Sells 270,684 Shares of Warrior Met Coal $HCC

First Trust Advisors LP lessened its stake in shares of Warrior Met Coal (NYSE:HCC) by 27.9% in the third quarter, Holdings Channel reports. The institutional investor owned 700,320 shares of the company’s stock after selling 270,684 shares during the quarter. First Trust Advisors LP’s holdings in Warrior Met Coal were worth $44,568,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after acquiring an additional 455 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Warrior Met Coal by 4,337.5% during the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock valued at $45,000 after acquiring an additional 694 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Warrior Met Coal by 919.6% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock worth $60,000 after acquiring an additional 846 shares during the period. Finally, Strs Ohio purchased a new stake in Warrior Met Coal in the 3rd quarter worth approximately $76,000. 92.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HCC. Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. UBS Group set a $108.00 price target on shares of Warrior Met Coal and gave the stock a “buy” rating in a report on Thursday, January 29th. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Jefferies Financial Group boosted their target price on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $105.00.

Insider Transactions at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the transaction, the chief executive officer directly owned 294,183 shares in the company, valued at $29,509,496.73. This trade represents a 25.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider directly owned 70,580 shares in the company, valued at $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.10% of the company’s stock.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock opened at $84.68 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.27 and a current ratio of 3.19. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $105.35. The company has a fifty day moving average of $89.92 and a 200-day moving average of $77.71. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 77.69 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The business had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.Warrior Met Coal’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Equities research analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 23rd were issued a $0.08 dividend. The ex-dividend date was Monday, February 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s payout ratio is currently 29.36%.

About Warrior Met Coal

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.