Warrior Met Coal $HCC Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its stake in Warrior Met Coal (NYSE:HCC) by 63.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,572 shares of the company’s stock after selling 24,968 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Warrior Met Coal were worth $1,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Warrior Met Coal during the second quarter worth about $606,503,000. Bank of New York Mellon Corp bought a new stake in Warrior Met Coal in the 2nd quarter valued at about $31,201,000. Summit Street Capital Management LLC acquired a new position in Warrior Met Coal during the 2nd quarter valued at about $25,744,000. Bank of America Corp DE acquired a new position in Warrior Met Coal during the 2nd quarter valued at about $16,586,000. Finally, Renaissance Technologies LLC boosted its stake in Warrior Met Coal by 22.6% during the 1st quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock valued at $75,524,000 after purchasing an additional 149,600 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Insiders Place Their Bets

In other Warrior Met Coal news, Director Stephen 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 transaction of $500,304.00. Following the completion of the transaction, the director directly owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the transaction, the chief executive officer owned 317,793 shares in the company, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 104,800 shares of company stock valued at $11,250,304. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. B. Riley Financial dropped their price target on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Warrior Met Coal in a research report on Wednesday, November 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. UBS Group decreased their price objective on Warrior Met Coal from $102.00 to $97.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Finally, Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Friday, November 6th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Warrior Met Coal presently has an average rating of “Hold” and an average price target of $109.80.

Warrior Met Coal Price Performance

Shares of NYSE:HCC traded down $1.13 during trading on Friday, reaching $83.12. The company had a trading volume of 525,741 shares, compared to its average volume of 688,068. The firm’s fifty day moving average is $89.29 and its 200 day moving average is $89.50. The firm has a market capitalization of $4.39 billion, a PE ratio of 18.93 and a beta of 0.75. Warrior Met Coal has a twelve month low of $71.79 and a twelve month high of $111.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.30 and a current ratio of 4.20.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.62). Warrior Met Coal had a net margin of 12.47% and a return on equity of 10.34%. The company had revenue of $507.93 million during the quarter, compared to the consensus estimate of $505.84 million. During the same quarter last year, the business earned $0.70 earnings per share. The company’s revenue was up 54.6% on a year-over-year basis. On average, equities analysts forecast that Warrior Met Coal will post 5.41 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 13th. Shareholders of record on Friday, November 6th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, November 6th. Warrior Met Coal’s dividend payout ratio is 7.29%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc. is a U.S.-based producer and exporter of premium metallurgical coal, a key ingredient in steelmaking. The company operates underground coal mines in Alabama’s Blue Creek coal seam and sells its products to steel producers in international markets. Warrior’s operations are located in the state’s Black Warrior River Basin, with coal transported for export through the Port of Mobile. The company was formed in 2016 from assets that had been part of Walter Energy.