Warrior Met Coal $HCC Shares Sold by Hosking Partners LLP

Hosking Partners LLP cut its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 582,400 shares of the company's stock after selling 52,080 shares during the quarter. Warrior Met Coal comprises approximately 1.8% of Hosking Partners LLP's holdings, making the stock its 16th largest position. Hosking Partners LLP owned about 1.10% of Warrior Met Coal worth $51,292,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Maple Rock Capital Partners Inc. lifted its position in shares of Warrior Met Coal by 77.2% in the second quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company's stock worth $20,579,000 after buying an additional 110,500 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Warrior Met Coal during the 2nd quarter worth about $10,641,000. Ashoka WhiteOak Capital Pte Ltd acquired a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $11,394,000. The Manufacturers Life Insurance Company acquired a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $2,534,000. Finally, Cibc World Market Inc. acquired a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $813,000. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Trading Up 0.2%

Shares of HCC stock opened at $84.29 on Thursday. The firm has a market capitalization of $4.45 billion, a P/E ratio of 20.26 and a beta of 0.72. Warrior Met Coal has a 1 year low of $61.87 and a 1 year high of $111.42. The firm's fifty day simple moving average is $96.09 and its 200 day simple moving average is $90.75. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business's revenue was up 71.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. As a group, sell-side analysts predict that Warrior Met Coal will post 6.71 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal's dividend payout ratio is currently 7.69%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HCC shares. UBS Group raised their price objective on Warrior Met Coal from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their target price on Warrior Met Coal from $90.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Wednesday, September 16th. Zacks Research downgraded Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Warrior Met Coal from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 10th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Warrior Met Coal has an average rating of "Moderate Buy" and an average price target of $104.50.

Insider Transactions at Warrior Met Coal

In related news, Director Stephen Williams sold 4,800 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the completion of the sale, the chief executive officer owned 317,793 shares of the company's stock, valued at approximately $33,368,265. The trade was a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 104,800 shares of company stock valued at $11,250,304 in the last ninety days. 2.10% of the stock is owned by company insiders.

Warrior Met Coal Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy's bankruptcy and began operating as an independent public company in 2016.

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