Warrior Met Coal, Inc. (NYSE:HCC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 23.6% in the second quarter, HoldingsChannel.com reports. The firm owned 7,978 shares of the company’s stock after selling 2,461 shares during the period. ProShare Advisors LLC’s holdings in Warrior Met Coal were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in shares of Warrior Met Coal by 4,886.7% in the 4th quarter. US Bancorp DE now owns 16,157 shares of the company’s stock valued at $985,000 after buying an additional 15,833 shares during the period. Hsbc Holdings PLC lifted its holdings in Warrior Met Coal by 24.5% in the fourth quarter. Hsbc Holdings PLC now owns 194,176 shares of the company’s stock worth $11,864,000 after acquiring an additional 38,165 shares during the last quarter. TD Asset Management Inc boosted its stake in Warrior Met Coal by 8.0% in the fourth quarter. TD Asset Management Inc now owns 55,300 shares of the company’s stock valued at $3,372,000 after acquiring an additional 4,100 shares during the period. Annex Advisory Services LLC grew its holdings in shares of Warrior Met Coal by 18.8% during the fourth quarter. Annex Advisory Services LLC now owns 7,877 shares of the company’s stock valued at $480,000 after purchasing an additional 1,246 shares during the last quarter. Finally, Mudita Advisors LLP raised its position in shares of Warrior Met Coal by 19.2% during the 4th quarter. Mudita Advisors LLP now owns 195,862 shares of the company’s stock worth $11,942,000 after purchasing an additional 31,498 shares during the period. Institutional investors own 92.28% of the company’s stock.

Insider Activity

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

Warrior Met Coal Stock Down 1.2 %

HCC opened at $63.90 on Tuesday. The stock’s 50 day moving average price is $59.61 and its 200 day moving average price is $63.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The stock has a market cap of $3.34 billion, a P/E ratio of 7.69 and a beta of 1.02. Warrior Met Coal, Inc. has a 12 month low of $44.76 and a 12 month high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data 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. The business had revenue of $396.52 million for the quarter, compared to analysts’ expectations of $387.91 million. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 earnings per share. As a group, research analysts predict that Warrior Met Coal, Inc. will post 5.55 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley reduced their price target on shares of 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.60.

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.