Jefferies Financial Group Inc. Purchases Shares of 39,540 Warrior Met Coal $HCC

Jefferies Financial Group Inc. acquired a new position in shares of Warrior Met Coal (NYSE:HCC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 39,540 shares of the company’s stock, valued at approximately $3,209,000.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal in the fourth quarter valued at $31,000. Quantbot Technologies LP purchased a new position in shares of Warrior Met Coal during the second quarter worth about $31,000. Parallel Advisors LLC increased its position in shares of Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Warrior Met Coal during the fourth quarter worth about $37,000. Finally, Allworth Financial LP purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $39,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Down 1.1%

HCC opened at $107.02 on Friday. The business has a 50 day moving average price of $87.70 and a two-hundred day moving average price of $89.02. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.65 billion, a PE ratio of 25.73 and a beta of 0.65. Warrior Met Coal has a 52 week low of $54.66 and a 52 week high of $111.20.

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, beating the consensus estimate of $1.40 by $0.25. The company 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 company’s revenue was up 71.3% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. As a group, research analysts anticipate that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is 7.69%.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. The trade was a 22.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen D. 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 transaction of $500,304.00. Following the completion of the sale, the director owned 30,303 shares of the company’s stock, valued at $3,158,481.69. This trade represents a 13.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 124,800 shares of company stock valued at $13,450,304. 2.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of research analyst reports. B. Riley Financial upped their target price on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Zacks Research downgraded Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research 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’s stock. Based on data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

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.