Warrior Met Coal (NYSE:HCC) CEO Walter Scheller Sells 18,966 Shares

Warrior Met Coal (NYSE:HCC) CEO Walter Scheller sold 18,966 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the transaction, the chief executive officer owned 394,183 shares in the company, valued at approximately $29,563,725. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Warrior Met Coal Stock Down 0.3%

Shares of NYSE:HCC opened at $81.09 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.44. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 121.03 and a beta of 0.75. The company has a 50 day moving average of $63.90 and a 200-day moving average of $55.27. Warrior Met Coal has a one year low of $38.00 and a one year high of $82.29.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The firm had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $302.51 million. During the same period last year, the firm earned $0.80 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, November 7th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, November 7th. Warrior Met Coal’s dividend payout ratio is currently 41.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HCC shares. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Wall Street Zen raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Thursday. BMO Capital Markets lifted their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, UBS Group upped their price objective on shares of Warrior Met Coal from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.50.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Warrior Met Coal by 18.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock valued at $112,697,000 after acquiring an additional 367,326 shares during the last quarter. L1 Capital Pty Ltd grew its position in shares of Warrior Met Coal by 175.8% in the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after acquiring an additional 1,262,736 shares during the period. American Century Companies Inc. increased its stake in shares of Warrior Met Coal by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock worth $88,037,000 after purchasing an additional 23,698 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Warrior Met Coal by 130.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after purchasing an additional 1,069,025 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal 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.