Jefferies Financial Group Inc. purchased a new stake in Warrior Met Coal (NYSE:HCC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 39,540 shares of the company's stock, valued at approximately $3,209,000. Jefferies Financial Group Inc. owned about 0.07% of Warrior Met Coal as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HCC. EverSource Wealth Advisors LLC lifted its position in Warrior Met Coal by 217.2% in 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 last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Warrior Met Coal in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP acquired a new position in shares of Warrior Met Coal in the 2nd quarter worth approximately $31,000. Parallel Advisors LLC lifted its holdings in shares of Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company's stock worth $36,000 after acquiring an additional 302 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in shares of Warrior Met Coal during the 4th quarter worth approximately $37,000. 92.28% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Warrior Met Coal
In other news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 267,793 shares of the company's stock, valued at approximately $29,457,230. The trade was a 15.73% 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. Insiders own 2.10% of the company's stock.
Analyst Ratings Changes
HCC has been the topic of a number of research analyst reports. Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. UBS Group dropped their price objective on 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. B. Riley Financial boosted their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Zacks Research lowered shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Citigroup restated a "buy" rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $102.60.
Get Our Latest Report on Warrior Met Coal
Warrior Met Coal Trading Down 1.1%
HCC opened at $107.02 on Friday. The business has a fifty day moving average price of $87.70 and a 200 day moving average price of $89.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. Warrior Met Coal has a 12 month low of $54.66 and a 12 month high of $111.20. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 25.73 and a beta of 0.65.
Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The business had revenue of $509.69 million during the quarter, compared to analysts' expectations of $488.46 million. During the same quarter last year, the business posted $0.11 EPS. The business's quarterly revenue was up 71.3% compared to the same quarter last year. Sell-side analysts expect that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.
Warrior Met Coal Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal's payout ratio is 7.69%.
Warrior Met Coal Company Profile
(
Free Report)
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.
Further Reading
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