Warrior Met Coal (NYSE:HCC) Shares Down 3.9% – Here’s Why

Warrior Met Coal (NYSE:HCC)’s share price fell 3.9% on Friday . The company traded as low as $97.01 and last traded at $97.7290. 31,487 shares traded hands during trading, a decline of 96% from the average daily volume of 825,535 shares. The stock had previously closed at $101.65.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HCC shares. UBS Group decreased their target price on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings upgraded 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 downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Finally, Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $102.60.

Warrior Met Coal Stock Performance

The business’s 50-day moving average price is $91.72 and its 200-day moving average price is $90.15. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The stock has a market cap of $5.26 billion, a PE ratio of 23.95 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The firm’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities research analysts expect that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a dividend of $0.08 per share. The ex-dividend date was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio is currently 7.69%.

Insider Buying and Selling

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the transaction, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 267,793 shares in the company, valued at $29,457,230. This trade represents a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,800 shares of company stock worth $11,250,304 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Warrior Met Coal by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock worth $1,473,000 after acquiring an additional 1,351 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Warrior Met Coal by 14.6% in the first quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock valued at $1,661,000 after purchasing an additional 4,441 shares during the last quarter. Hsbc Holdings PLC raised its stake in Warrior Met Coal by 7.7% in the 2nd quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock valued at $300,000 after purchasing an additional 464 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after buying an additional 467 shares during the period. Finally, Marshall Wace LLP increased its stake in Warrior Met Coal by 75.1% in the second quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock valued at $462,000 after purchasing an additional 4,324 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company that produces and exports metallurgical coal used primarily in steelmaking. The company operates underground mines and related processing facilities in Alabama’s Blue Creek coal seam, producing high-quality, low-volatility metallurgical coal for use in blast-furnace steel production.

The company sells its products to steel producers and coke manufacturers in international markets, serving customers across regions that include Europe, Asia and South America.