Kelli Gant Sells 20,000 Shares of Warrior Met Coal (NYSE:HCC) Stock

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

Warrior Met Coal Stock Down 5.6%

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

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted ($0.16) EPS. Equities analysts anticipate that Warrior Met Coal will post 6.78 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s payout ratio is presently 12.21%.

Wall Street Analyst Weigh In

HCC has been the topic of several research analyst reports. UBS Group dropped their price target 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. Citigroup boosted their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Zacks Research cut Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $102.80.

Hedge Funds Weigh In On Warrior Met Coal

Large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in Warrior Met Coal in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC raised its holdings in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the period. Parallel Advisors LLC raised its holdings in Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares during the period. IFP Advisors Inc acquired a new position in Warrior Met Coal in the 4th quarter worth about $37,000. Finally, Hantz Financial Services Inc. raised its holdings in Warrior Met Coal by 266.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds 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.