Warrior Met Coal (NYSE:HCC) Short Interest Update

Warrior Met Coal (NYSE:HCC) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 3,423,536 shares, a decline of 18.0% from the February 26th total of 4,172,853 shares. Currently, 6.6% of the company’s stock are short sold. Based on an average daily volume of 925,662 shares, the days-to-cover ratio is presently 3.7 days.

Warrior Met Coal Price Performance

Shares of NYSE:HCC traded down $3.03 during trading on Monday, reaching $96.14. 267,115 shares of the company’s stock traded hands, compared to its average volume of 956,892. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $105.35. The company has a 50-day simple moving average of $88.60 and a 200-day simple moving average of $80.50. The firm has a market cap of $5.08 billion, a PE ratio of 88.17 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The business had revenue of $383.99 million for 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%.The business’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 EPS. As a group, analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 23rd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, February 23rd. Warrior Met Coal’s dividend payout ratio is 29.36%.

Insider Activity at Warrior Met Coal

In other news, 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 transaction of $1,000,000.00. Following the sale, the insider owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at $29,509,496.73. The trade was a 25.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after acquiring an additional 825,807 shares during the period. L1 Capital Pty Ltd increased its position in Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after purchasing an additional 1,262,736 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after purchasing an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock worth $116,687,000 after purchasing an additional 5,077 shares during the period. Finally, Maple Rock Capital Partners Inc. raised its stake in Warrior Met Coal by 12.0% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock worth $144,355,000 after purchasing an additional 175,500 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HCC. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. UBS Group boosted their target price on shares of Warrior Met Coal from $101.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Citigroup increased their price target on shares of Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Finally, Zacks Research downgraded shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.40.

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.