Warrior Met Coal Inc. (NYSE:HCC) Director Stephen D. Williams sold 18,742 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $28.00, for a total transaction of $524,776.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $560,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Warrior Met Coal Inc. (NYSE:HCC) opened at $28.30 on Friday. Warrior Met Coal Inc. has a one year low of $15.10 and a one year high of $28.58.
Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, November 9th. The company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.01. Warrior Met Coal had a net margin of 36.20% and a return on equity of 51.58%. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $301.89 million. Warrior Met Coal’s revenue was up 489.8% on a year-over-year basis. research analysts forecast that Warrior Met Coal Inc. will post 7.39 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Apollo Management Holdings L.P. acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $173,185,000. Franklin Resources Inc. acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $82,178,000. Caspian Capital LP acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $37,651,000. Capital World Investors acquired a new stake in Warrior Met Coal during the 2nd quarter worth approximately $25,953,000. Finally, Impala Asset Management LLC boosted its position in Warrior Met Coal by 5.7% during the 3rd quarter. Impala Asset Management LLC now owns 1,332,687 shares of the company’s stock worth $31,411,000 after buying an additional 72,327 shares during the period. Institutional investors and hedge funds own 97.77% of the company’s stock.
Several research firms have commented on HCC. Zacks Investment Research raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday. Macquarie began coverage on shares of Warrior Met Coal in a report on Thursday, September 7th. They issued an “underperform” rating and a $24.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 target price on shares of Warrior Met Coal in a report on Wednesday, September 6th. Finally, B. Riley reissued a “neutral” rating on shares of Warrior Met Coal in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.92.
About Warrior Met Coal
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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