Warrior Met Coal (NYSE:HCC) Insider Kelli Gant Sells 10,000 Shares
by Michael Walen · The Markets DailyWarrior Met Coal (NYSE:HCC – Get Free Report) insider Kelli Gant sold 10,000 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider owned 70,580 shares in the company, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Warrior Met Coal Price Performance
Shares of NYSE HCC traded up $0.40 during mid-day trading on Tuesday, hitting $100.60. 497,719 shares of the stock were exchanged, compared to its average volume of 675,530. The company has a market cap of $5.29 billion, a P/E ratio of 150.15 and a beta of 0.63. The stock’s fifty day simple moving average is $83.89 and its two-hundred day simple moving average is $67.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $101.34.
Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million for the quarter, compared to the consensus estimate of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.Warrior Met Coal’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. As a group, analysts forecast that Warrior Met Coal will post 4.86 EPS for the current fiscal year.
Warrior Met Coal Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s payout ratio is currently 47.76%.
Analyst Ratings Changes
HCC has been the subject of a number of research reports. BMO Capital Markets raised their target price on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research note on Thursday, November 6th. UBS Group increased their price objective on shares of Warrior Met Coal from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.33.
Check Out Our Latest Report on HCC
Hedge Funds Weigh In On Warrior Met Coal
A number of large investors have recently added to or reduced their stakes in HCC. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 467 shares in the last quarter. Hantz Financial Services Inc. increased its position in Warrior Met Coal by 266.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock valued at $40,000 after purchasing an additional 455 shares during the period. Jones Financial Companies Lllp raised its holdings in Warrior Met Coal by 4,337.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after purchasing an additional 694 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of Warrior Met Coal by 919.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock worth $60,000 after purchasing an additional 846 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Warrior Met Coal by 23.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 253 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.
Warrior Met Coal Company Profile
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.
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