Warrior Met Coal (NYSE:HCC) Shares Down 3.4%

Warrior Met Coal, Inc. (NYSE:HCC) fell 3.4% during trading on Tuesday . The stock traded as low as $64.63 and last traded at $64.79. 61,591 shares were traded during trading, a decline of 93% from the average session volume of 830,036 shares. The stock had previously closed at $67.09.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. UBS Group started coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price target on the stock. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their target price for the company from $60.00 to $75.00 in a report on Thursday, April 11th. Finally, B. Riley decreased their price target on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Warrior Met Coal Trading Down 2.7 %

The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The business’s 50-day simple moving average is $59.14 and its two-hundred day simple moving average is $57.57. The company has a market capitalization of $3.41 billion, a PE ratio of 7.29 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.67). The company had revenue of $363.80 million for the quarter, compared to the consensus estimate of $393.04 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 EPS. On average, analysts predict that Warrior Met Coal, Inc. will post 6.83 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, February 29th. Warrior Met Coal’s payout ratio is 3.48%.

Insider Activity at Warrior Met Coal

In related news, Director Alan H. Schumacher bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the transaction, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of large investors have recently made changes to their positions in HCC. O Keefe Stevens Advisory Inc. increased its stake in Warrior Met Coal by 1.1% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 260,575 shares of the company’s stock valued at $13,310,000 after buying an additional 2,799 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Warrior Met Coal during the third quarter worth $224,000. Raymond James & Associates acquired a new stake in Warrior Met Coal during the third quarter valued at $433,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Warrior Met Coal by 27.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,422 shares of the company’s stock valued at $583,000 after purchasing an additional 2,428 shares in the last quarter. Finally, Yorktown Management & Research Co Inc purchased a new position in Warrior Met Coal in the third quarter valued at about $383,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met Coal

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.