Warrior Met Coal, Inc. (NYSE:HCC) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. trimmed its position in Warrior Met Coal, Inc. (NYSE:HCC) by 59.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,300 shares of the company’s stock after selling 4,769 shares during the period. Verity Asset Management Inc.’s holdings in Warrior Met Coal were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HCC. USA Financial Formulas acquired a new stake in Warrior Met Coal in the fourth quarter valued at approximately $25,000. SYSTM Wealth Solutions LLC acquired a new stake in Warrior Met Coal during the first quarter valued at $39,000. EntryPoint Capital LLC acquired a new stake in Warrior Met Coal during the first quarter valued at $54,000. Quadrant Capital Group LLC grew its position in Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after buying an additional 442 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Warrior Met Coal during the first quarter valued at $104,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the sale, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the sale, the chief executive officer now directly owns 340,485 shares in the company, valued at $25,587,447.75. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

HCC has been the topic of several research analyst reports. B. Riley lifted their target price on shares of Warrior Met Coal from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets lifted their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, July 1st. Finally, Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Warrior Met Coal Trading Down 4.3 %

HCC stock traded down $2.81 during trading on Friday, reaching $62.06. 1,281,373 shares of the stock were exchanged, compared to its average volume of 721,437. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $67.45 and a 200-day moving average price of $63.82. Warrior Met Coal, Inc. has a 1 year low of $38.01 and a 1 year high of $75.53. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 7.46 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 23.27%. The company had revenue of $396.52 million for the quarter, compared to the consensus estimate of $387.91 million. During the same period in the previous year, the firm earned $1.63 earnings per share. Warrior Met Coal’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that Warrior Met Coal, Inc. will post 7.36 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is 3.85%.

Warrior Met Coal Company Profile

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.