Warrior Met Coal $HCC Shares Sold by Citigroup Inc.

Citigroup Inc. cut its holdings in shares of Warrior Met Coal (NYSE:HCC) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,508 shares of the company’s stock after selling 25,077 shares during the period. Citigroup Inc. owned 0.10% of Warrior Met Coal worth $3,469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Warrior Met Coal by 266.1% during the third quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after buying an additional 455 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Warrior Met Coal by 4,337.5% during the third quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after buying an additional 694 shares during the period. Strs Ohio purchased a new position in shares of Warrior Met Coal during the third quarter worth about $76,000. Finally, Smartleaf Asset Management LLC increased its position in Warrior Met Coal by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock valued at $99,000 after acquiring an additional 168 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $79.21 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.27 and a current ratio of 3.19. Warrior Met Coal has a one year low of $38.00 and a one year high of $105.35. The firm has a market capitalization of $4.16 billion, a P/E ratio of 72.67 and a beta of 0.69. The company’s fifty day moving average is $90.59 and its two-hundred day moving average is $76.96.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. The company had revenue of $383.99 million during the quarter, compared to analyst estimates of $381.72 million. During the same quarter last year, the business earned $0.15 EPS. The firm’s revenue for the quarter was up 29.1% on a year-over-year basis. Analysts forecast that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were issued a $0.08 dividend. The ex-dividend date was Monday, February 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio is currently 29.36%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group increased their price objective on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. BMO Capital Markets upped their price objective on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. Finally, UBS Group set a $108.00 target price on shares of Warrior Met Coal and gave the company a “buy” rating in a report on Thursday, January 29th. Three 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. Based on data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Hold” and a consensus price target of $105.00.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider owned 70,580 shares in the company, valued at $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the transaction, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at $29,509,496.73. This trade represents a 25.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.

Warrior Met Coal Company Profile

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.