Warrior Met Coal (NYSE:HCC) Short Interest Down 18.0% in March

Warrior Met Coal (NYSE:HCC) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 3,423,536 shares, a decrease of 18.0% from the February 26th total of 4,172,853 shares. Based on an average daily trading volume, of 925,662 shares, the days-to-cover ratio is currently 3.7 days. Currently, 6.6% of the company’s shares are sold short.

Analysts Set New Price Targets

Several analysts have issued reports on HCC shares. Citigroup boosted their target price on shares of Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. UBS Group lifted their price target on Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a report on Friday. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Finally, Zacks Research lowered Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Four 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.40.

Warrior Met Coal Stock Down 1.2%

NYSE:HCC traded down $1.09 during mid-day trading on Tuesday, reaching $93.13. The stock had a trading volume of 880,738 shares, compared to its average volume of 877,845. The business’s 50 day moving average is $88.36 and its 200 day moving average is $80.99. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $105.35. The stock has a market cap of $4.92 billion, a P/E ratio of 85.44 and a beta of 0.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The business had revenue of $383.99 million during the quarter, compared to analyst estimates of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. Warrior Met Coal’s revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. As a group, sell-side analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, February 23rd. Warrior Met Coal’s payout ratio is presently 29.36%.

Insider Activity

In other news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the sale, the insider owned 70,580 shares in the company, valued at $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the completion of the sale, the chief executive officer owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. This trade represents a 25.37% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth about $202,000. NWF Advisory Services Inc. increased its holdings in shares of Warrior Met Coal by 3.5% during the 4th quarter. NWF Advisory Services Inc. now owns 87,970 shares of the company’s stock valued at $7,756,000 after acquiring an additional 3,000 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Warrior Met Coal in the 4th quarter valued at approximately $850,000. Regal Partners Ltd bought a new position in shares of Warrior Met Coal in the 4th quarter valued at approximately $3,663,000. Finally, Wellington Management Group LLP lifted its holdings in Warrior Met Coal by 5.8% in the 4th quarter. Wellington Management Group LLP now owns 193,271 shares of the company’s stock worth $17,041,000 after purchasing an additional 10,642 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.