Insider Selling: Warrior Met Coal Inc (HCC) Director Sells 34,000 Shares of Stock

Warrior Met Coal Inc (NYSE:HCC) Director Stephen D. Williams sold 34,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $28.20, for a total transaction of $958,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE:HCC traded up $0.48 during trading on Friday, reaching $28.36. 867,091 shares of the company traded hands, compared to its average volume of 967,711. The firm has a market capitalization of $1.44 billion, a P/E ratio of 3.27 and a beta of 0.51. Warrior Met Coal Inc has a 1-year low of $20.88 and a 1-year high of $33.49. The company has a quick ratio of 3.26, a current ratio of 3.84 and a debt-to-equity ratio of 0.41.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, May 1st. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.55. The company had revenue of $378.30 million during the quarter, compared to analyst estimates of $326.30 million. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the business posted $3.36 EPS. Equities research analysts expect that Warrior Met Coal Inc will post 6.19 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, May 14th. Investors of record on Monday, May 6th will be paid a $4.41 dividend. This represents a dividend yield of 0.62%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s payout ratio is presently 2.31%.

Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its holdings in Warrior Met Coal by 47.4% in the 4th quarter. Rhumbline Advisers now owns 62,402 shares of the company’s stock worth $1,505,000 after acquiring an additional 20,055 shares during the period. United Services Automobile Association increased its holdings in shares of Warrior Met Coal by 21.5% during the 4th quarter. United Services Automobile Association now owns 57,821 shares of the company’s stock worth $1,394,000 after purchasing an additional 10,242 shares during the period. Sciencast Management LP bought a new position in shares of Warrior Met Coal during the 1st quarter worth about $227,000. Assenagon Asset Management S.A. bought a new position in shares of Warrior Met Coal during the 4th quarter worth about $1,931,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Warrior Met Coal by 180.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,361,623 shares of the company’s stock worth $36,818,000 after purchasing an additional 876,707 shares during the period.

HCC has been the subject of a number of research reports. ValuEngine raised shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. B. Riley set a $33.00 target price on shares of Warrior Met Coal and gave the company a “hold” rating in a research note on Tuesday, February 26th. Zacks Investment Research lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Jefferies Financial Group initiated coverage on shares of Warrior Met Coal in a research note on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price for the company. Finally, Deutsche Bank initiated coverage on shares of Warrior Met Coal in a research note on Sunday, March 31st. They set a “buy” rating and a $35.00 target price for the company. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Warrior Met Coal presently has a consensus rating of “Buy” and an average target price of $34.67.

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About Warrior Met Coal

Warrior Met Coal, Inc produces and exports metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.

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Insider Buying and Selling by Quarter for Warrior Met Coal (NYSE:HCC)

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