27,310 Warrior Met Coal $HCC Shares Sold by QV Investors Inc.

QV Investors Inc. trimmed its position in Warrior Met Coal (NYSE:HCC) by 32.5% in the third quarter, HoldingsChannel reports. The firm owned 56,785 shares of the company’s stock after selling 27,310 shares during the quarter. QV Investors Inc.’s holdings in Warrior Met Coal were worth $5,001,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abel Hall LLC lifted its position in shares of Warrior Met Coal by 9.4% during the 3rd quarter. Abel Hall LLC now owns 3,502 shares of the company’s stock worth $308,000 after buying an additional 301 shares in the last quarter. SummerHaven Investment Management LLC purchased a new position in shares of Warrior Met Coal in the 3rd quarter worth approximately $976,000. Systrade AG bought a new position in shares of Warrior Met Coal in the third quarter valued at approximately $1,747,000. O Keefe Stevens Advisory Inc. grew its holdings in shares of Warrior Met Coal by 1.0% in the third quarter. O Keefe Stevens Advisory Inc. now owns 293,482 shares of the company’s stock valued at $25,847,000 after acquiring an additional 2,913 shares in the last quarter. Finally, Hardin Capital Partners LLC grew its holdings in shares of Warrior Met Coal by 11.6% in the third quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock valued at $255,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the transaction, the chief executive officer owned 317,793 shares in the company, valued at approximately $33,368,265. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen Williams sold 4,800 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the transaction, the director directly owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is owned by company insiders.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $83.98 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 20.19 and a beta of 0.72. Warrior Met Coal has a 52 week low of $61.87 and a 52 week high of $111.42. The firm’s 50-day simple moving average is $96.35 and its two-hundred day simple moving average is $90.82.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. During the same period in the prior year, the firm earned $0.11 EPS. The company’s revenue was up 71.3% compared to the same quarter last year. As a group, equities analysts forecast that Warrior Met Coal will post 6.71 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were paid a $0.08 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.32 annualized dividend and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio is presently 7.69%.

Wall Street Analysts Forecast Growth

HCC has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their price target on Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 16th. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. UBS Group boosted their price objective on Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, October 8th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.50.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.