27,310 Warrior Met Coal $HCC Shares Sold by QV Investors Inc.

QV Investors Inc. lowered its position in Warrior Met Coal (NYSE:HCC – Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,785 shares of the company’s stock after selling 27,310 shares during the period. QV Investors Inc. owned 0.11% of Warrior Met Coal worth $5,001,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HCC. Arizona State Retirement System increased its holdings in shares of Warrior Met Coal by 0.8% during the second quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock valued at $1,182,000 after acquiring an additional 113 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of Warrior Met Coal by 1.5% during the first quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock worth $1,066,000 after purchasing an additional 172 shares during the period. BTC Capital Management Inc. raised its position in shares of Warrior Met Coal by 3.0% during the first quarter. BTC Capital Management Inc. now owns 7,824 shares of the company’s stock worth $729,000 after purchasing an additional 225 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Warrior Met Coal by 9.9% in the 2nd quarter. GAMMA Investing LLC now owns 2,560 shares of the company’s stock worth $208,000 after purchasing an additional 230 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Warrior Met Coal by 11.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock worth $220,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insider Buying and Selling at Warrior Met Coal

In related news, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director directly owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Walter Scheller sold 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the transaction, the chief executive officer owned 267,793 shares in the company, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their ownership of the stock. 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 quarter. 2.10% of the stock is currently owned by corporate insiders.

Warrior Met Coal Price Performance

HCC stock opened at $83.98 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The business has a 50-day simple moving average of $96.35 and a two-hundred day simple moving average of $90.82. The company has a market capitalization of $4.43 billion, a P/E ratio of 20.19 and a beta of 0.72. Warrior Met Coal has a 52-week low of $61.87 and a 52-week high of $111.42.

Warrior Met Coal (NYSE:HCC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping 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 firm had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up 71.3% compared to the same quarter last year. Research analysts expect that Warrior Met Coal will post 6.71 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors 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 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s payout ratio is presently 7.69%.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on Warrior Met Coal

About Warrior Met Coal

(Free Report)

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.

See Also

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

Receive News & Ratings for Warrior Met Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warrior Met Coal and related companies with MarketBeat.com's FREE daily email newsletter.