Warrior Met Coal (NYSE:HCC) major shareholder Apollo Management Holdings Gp, sold 3,192,328 shares of Warrior Met Coal stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $24.20, for a total value of $77,254,337.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
HCC stock opened at $26.50 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.36 and a current ratio of 4.79. Warrior Met Coal has a 12-month low of $26.58 and a 12-month high of $27.23. The stock has a market capitalization of $1.43 billion and a P/E ratio of 3.36.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported $3.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.08 by $0.34. Warrior Met Coal had a return on equity of 73.24% and a net margin of 39.30%. The company had revenue of $421.80 million for the quarter, compared to analysts’ expectations of $396.35 million. During the same period in the previous year, the firm posted $2.06 EPS. Warrior Met Coal’s revenue was up 66.1% compared to the same quarter last year. analysts expect that Warrior Met Coal will post 7.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Investors of record on Friday, May 4th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, May 3rd. Warrior Met Coal’s payout ratio is 2.53%.
A number of hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH acquired a new stake in Warrior Met Coal in the 1st quarter worth about $3,982,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Warrior Met Coal in the 1st quarter worth about $342,000. Asset Management One Co. Ltd. acquired a new stake in Warrior Met Coal in the 1st quarter worth about $157,000. GSA Capital Partners LLP boosted its holdings in Warrior Met Coal by 46.9% in the 1st quarter. GSA Capital Partners LLP now owns 256,622 shares of the company’s stock worth $7,188,000 after buying an additional 81,928 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Warrior Met Coal by 713.5% in the 1st quarter. Sei Investments Co. now owns 12,919 shares of the company’s stock worth $362,000 after buying an additional 11,331 shares during the last quarter.
Several equities analysts recently weighed in on the company. Credit Suisse Group lifted their price target on Warrior Met Coal from $30.57 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, May 3rd. B. Riley cut their price target on Warrior Met Coal from $31.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, April 26th. ValuEngine lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Royal Bank of Canada set a $38.00 price target on Warrior Met Coal and gave the company a “hold” rating in a research note on Tuesday, April 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.20.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
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