Warrior Met Coal, Inc. (NYSE:HCC) Shares Purchased by Wulff Hansen & CO.

Wulff Hansen & CO. boosted its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 6,177.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 331,551 shares of the company’s stock after purchasing an additional 326,269 shares during the period. Wulff Hansen & CO. owned about 0.63% of Warrior Met Coal worth $20,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Hosking Partners LLP raised its position in Warrior Met Coal by 68.9% during the second quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock valued at $30,264,000 after acquiring an additional 196,601 shares in the last quarter. Clearbridge Investments LLC purchased a new position in shares of Warrior Met Coal during the 1st quarter valued at approximately $9,234,000. Jupiter Asset Management Ltd. acquired a new position in shares of Warrior Met Coal in the 1st quarter valued at $7,021,000. Forest Avenue Capital Management LP purchased a new stake in Warrior Met Coal during the fourth quarter worth $6,725,000. Finally, American Century Companies Inc. grew its position in Warrior Met Coal by 6.1% during the second quarter. American Century Companies Inc. now owns 1,440,965 shares of the company’s stock valued at $90,449,000 after buying an additional 82,622 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the sale, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was 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 owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Warrior Met Coal Stock Performance

HCC opened at $54.64 on Tuesday. The firm’s fifty day simple moving average is $61.93 and its two-hundred day simple moving average is $63.05. Warrior Met Coal, Inc. has a 52-week low of $44.60 and a 52-week high of $75.53. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 6.58 and a beta of 1.02. The company has a quick ratio of 5.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.09.

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

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal’s payout ratio is 3.85%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley reduced their price target on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Warrior Met Coal 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.