State of New Jersey Common Pension Fund D Sells 16,842 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

State of New Jersey Common Pension Fund D cut its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 37.1% in the second quarter, HoldingsChannel reports. The fund owned 28,543 shares of the company’s stock after selling 16,842 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Warrior Met Coal were worth $1,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its stake in shares of Warrior Met Coal by 9.7% during the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock valued at $44,485,000 after acquiring an additional 64,672 shares during the period. Forest Avenue Capital Management LP purchased a new position in Warrior Met Coal in the 4th quarter worth approximately $6,725,000. Wellington Management Group LLP lifted its holdings in Warrior Met Coal by 7.1% in the 4th quarter. Wellington Management Group LLP now owns 90,211 shares of the company’s stock worth $5,500,000 after purchasing an additional 6,015 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in Warrior Met Coal in the 1st quarter worth approximately $604,000. Finally, US Bancorp DE lifted its holdings in Warrior Met Coal by 4,886.7% in the 4th quarter. US Bancorp DE now owns 16,157 shares of the company’s stock worth $985,000 after purchasing an additional 15,833 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the sale, the chief executive officer now directly owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the sale, the chief executive officer now directly owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley decreased their price objective on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating on the stock 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.60.

Warrior Met Coal Stock Up 7.6 %

Shares of HCC opened at $59.84 on Wednesday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 7.20 and a beta of 1.02. Warrior Met Coal, Inc. has a 1 year low of $44.76 and a 1 year high of $75.53. The business’s 50 day simple moving average is $60.15 and its 200-day simple moving average is $62.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37.

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

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.53%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

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.