Warrior Met Coal Inc (NYSE:HCC) COO Jack K. Richardson sold 17,919 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $33.00, for a total transaction of $591,327.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE HCC traded down $0.17 on Thursday, reaching $26.45. 665,438 shares of the company’s stock traded hands, compared to its average volume of 1,062,937. The company has a market capitalization of $1.37 billion, a PE ratio of 3.05 and a beta of 0.51. Warrior Met Coal Inc has a fifty-two week low of $20.88 and a fifty-two week high of $33.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.84 and a quick ratio of 3.26.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, May 1st. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.55. The company had revenue of $378.30 million during the quarter, compared to the consensus estimate of $326.30 million. Warrior Met Coal had a net margin of 47.10% and a return on equity of 71.47%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.36 earnings per share. Research analysts expect that Warrior Met Coal Inc will post 6.41 earnings per share for the current year.
Several equities research analysts have weighed in on HCC shares. ValuEngine upgraded shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. B. Riley set a $33.00 price objective on shares of Warrior Met Coal and gave the stock a “hold” rating in a research note on Tuesday, February 26th. Zacks Investment Research downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Jefferies Financial Group started 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 for the company. Finally, Deutsche Bank started coverage on shares of Warrior Met Coal in a research note on Sunday, March 31st. They set a “buy” rating and a $35.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.78.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA lifted its position in Warrior Met Coal by 2,895.6% during the first quarter. Federated Investors Inc. PA now owns 1,348 shares of the company’s stock valued at $41,000 after purchasing an additional 1,303 shares during the period. HCR Wealth Advisors acquired a new position in Warrior Met Coal during the first quarter valued at $224,000. C M Bidwell & Associates Ltd. acquired a new position in Warrior Met Coal during the first quarter valued at $47,000. Rehmann Capital Advisory Group acquired a new position in Warrior Met Coal during the third quarter valued at $58,000. Finally, New York State Teachers Retirement System acquired a new position in Warrior Met Coal during the first quarter valued at $116,000.
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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