Boothbay Fund Management LLC reduced its position in shares of Warrior Met Coal LLC (NYSE:HCC) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,483 shares of the company’s stock after selling 2,728 shares during the period. Boothbay Fund Management LLC’s holdings in Warrior Met Coal were worth $365,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $135,000. First Mercantile Trust Co. purchased a new stake in shares of Warrior Met Coal in the second quarter valued at approximately $131,000. Invictus RG purchased a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $257,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Warrior Met Coal in the second quarter valued at approximately $219,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Warrior Met Coal in the second quarter valued at approximately $223,000. Institutional investors own 97.05% of the company’s stock.
Shares of Warrior Met Coal LLC (NYSE HCC) traded up $0.08 during trading on Monday, reaching $23.90. The company had a trading volume of 1,124,600 shares, compared to its average volume of 643,230. Warrior Met Coal LLC has a 52 week low of $15.10 and a 52 week high of $30.49.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.01. The company had revenue of $312.00 million during the quarter, compared to analyst estimates of $301.89 million. Warrior Met Coal had a return on equity of 51.58% and a net margin of 36.20%. Warrior Met Coal’s revenue was up 489.8% compared to the same quarter last year. analysts anticipate that Warrior Met Coal LLC will post 7.86 EPS for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Wednesday, November 22nd. Investors of record on Monday, November 13th were given a $11.21 dividend. This represents a yield of 0.75%. This is a positive change from Warrior Met Coal’s previous special dividend of $0.05. The ex-dividend date of this dividend was Friday, November 24th.
In related news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $20.46, for a total value of $86,689.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen D. Williams sold 18,742 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $28.00, for a total value of $524,776.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $560,000. The disclosure for this sale can be found here.
A number of equities research analysts have recently issued reports on the company. B. Riley restated a “neutral” rating on shares of Warrior Met Coal in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Warrior Met Coal from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, September 5th. Royal Bank Of Canada set a $27.00 price target on Warrior Met Coal and gave the company a “buy” rating in a research report on Tuesday, October 10th. MKM Partners restated a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Warrior Met Coal in a research report on Thursday, August 24th. Finally, FBR & Co upped their price target on Warrior Met Coal from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $25.75.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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