Hosking Partners LLP Sells 1,235 Shares of Warrior Met Coal Inc (HCC)

Hosking Partners LLP reduced its holdings in Warrior Met Coal Inc (NYSE:HCC) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,294 shares of the company’s stock after selling 1,235 shares during the period. Hosking Partners LLP’s holdings in Warrior Met Coal were worth $5,420,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in Warrior Met Coal in the 1st quarter valued at $116,000. Legal & General Group Plc increased its stake in shares of Warrior Met Coal by 19.9% during the 3rd quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock worth $192,000 after purchasing an additional 1,176 shares during the last quarter. Sciencast Management LP acquired a new position in shares of Warrior Met Coal during the 1st quarter worth about $227,000. First Hawaiian Bank acquired a new position in shares of Warrior Met Coal during the 1st quarter worth about $252,000. Finally, Virtu Financial LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter worth about $252,000.

Shares of HCC opened at $27.88 on Tuesday. Warrior Met Coal Inc has a 52 week low of $20.88 and a 52 week high of $33.49. The stock has a market capitalization of $1.43 billion, a P/E ratio of 3.22 and a beta of 0.51. The company has a current ratio of 3.84, a quick ratio of 3.26 and a debt-to-equity ratio of 0.41.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.55. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The business had revenue of $378.30 million for the quarter, compared to analyst estimates of $326.30 million. During the same quarter in the prior year, the business earned $3.36 EPS. Warrior Met Coal’s quarterly revenue was down 10.3% on a year-over-year basis. Equities analysts expect that Warrior Met Coal Inc will post 6.35 earnings per share for the current year.

The business also recently declared a special dividend, which was paid on Tuesday, May 14th. Investors of record on Monday, May 6th were paid a $4.41 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a yield of 0.62%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 2.31%.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research note on Friday, May 10th. ValuEngine upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. BMO Capital Markets set a $40.00 price objective on shares of Warrior Met Coal and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Jefferies Financial Group assumed coverage on shares of Warrior Met Coal in a research note on Wednesday, March 13th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, TheStreet upgraded shares of Warrior Met Coal from a “c” rating to a “b-” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.67.

In other Warrior Met Coal news, COO Jack K. Richardson sold 17,919 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $33.00, for a total value of $591,327.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Walter J. Scheller sold 34,283 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $28.91, for a total transaction of $991,121.53. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,215 shares of company stock worth $3,213,177. 0.59% of the stock is owned by company insiders.

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Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports 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.

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Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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