Short Interest in Warrior Met Coal, Inc. (NYSE:HCC) Rises By 5.7%

Warrior Met Coal, Inc. (NYSE:HCC) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,620,000 shares, a growth of 5.7% from the August 15th total of 4,370,000 shares. Currently, 9.0% of the shares of the company are short sold. Based on an average daily volume of 772,000 shares, the short-interest ratio is currently 6.0 days.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 23,148 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now directly owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the completion of the sale, the insider now directly owns 61,678 shares in the company, valued at approximately $4,629,550.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after buying an additional 144 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Warrior Met Coal by 1.2% during the second quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company’s stock worth $1,213,000 after buying an additional 231 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Warrior Met Coal by 6.3% during the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock worth $245,000 after buying an additional 231 shares during the last quarter. Sei Investments Co. grew its stake in shares of Warrior Met Coal by 1.2% during the first quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock worth $1,408,000 after buying an additional 277 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Warrior Met Coal by 4.5% during the second quarter. QRG Capital Management Inc. now owns 6,397 shares of the company’s stock worth $402,000 after buying an additional 277 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on HCC. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley cut their price objective on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Warrior Met Coal Price Performance

NYSE:HCC traded up $1.00 during mid-day trading on Thursday, reaching $53.40. The stock had a trading volume of 45,564 shares, compared to its average volume of 767,070. The stock has a 50-day simple moving average of $61.63 and a two-hundred day simple moving average of $63.02. The stock has a market capitalization of $2.79 billion, a PE ratio of 6.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. Warrior Met Coal has a 12 month low of $44.60 and a 12 month high of $75.53.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $396.52 million for the quarter, compared to analysts’ expectations of $387.91 million. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. On average, equities analysts anticipate that Warrior Met Coal will post 5.55 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.60%. Warrior Met Coal’s payout ratio is presently 3.85%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal 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.