Warrior Met Coal Inc (NYSE:HCC) insider Michael T. Madden sold 32,436 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $28.96, for a total transaction of $939,346.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
HCC stock opened at $27.60 on Friday. Warrior Met Coal Inc has a 12-month low of $15.10 and a 12-month high of $33.72. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.48 and a quick ratio of 1.98. The company has a market capitalization of $1,470.64 and a price-to-earnings ratio of 3.38.
Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.16. Warrior Met Coal had a net margin of 38.92% and a return on equity of 61.78%. The company had revenue of $239.80 million for the quarter, compared to analyst estimates of $227.72 million. research analysts expect that Warrior Met Coal Inc will post 7.06 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Friday, April 20th. Stockholders of record on Friday, April 13th will be paid a dividend of $6.53 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a dividend yield of 0.7%. Warrior Met Coal’s dividend payout ratio (DPR) is 2.53%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Contrarius Investment Management Ltd acquired a new position in shares of Warrior Met Coal during the 3rd quarter worth $4,991,000. Spark Investment Management LLC increased its stake in shares of Warrior Met Coal by 16.0% during the 4th quarter. Spark Investment Management LLC now owns 39,200 shares of the company’s stock worth $985,000 after purchasing an additional 5,400 shares during the last quarter. Lansdowne Partners UK LLP increased its stake in shares of Warrior Met Coal by 22.1% during the 4th quarter. Lansdowne Partners UK LLP now owns 710,908 shares of the company’s stock worth $17,879,000 after purchasing an additional 128,573 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Warrior Met Coal by 400.7% during the 4th quarter. Acadian Asset Management LLC now owns 1,883,992 shares of the company’s stock worth $47,384,000 after purchasing an additional 1,507,727 shares during the last quarter. Finally, State Street Corp acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth $3,040,000.
Several equities research analysts recently commented on HCC shares. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Thursday, February 22nd. ValuEngine downgraded shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Royal Bank of Canada set a $38.00 price target on shares of Warrior Met Coal and gave the company a “hold” rating in a research report on Tuesday, April 3rd. BMO Capital Markets upped their price target on shares of Warrior Met Coal to $39.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.42.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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