Sheaff Brock Investment Advisors LLC trimmed its position in Warrior Met Coal Inc (NYSE:HCC) by 4.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 32,106 shares of the company’s stock after selling 1,574 shares during the period. Sheaff Brock Investment Advisors LLC owned about 0.06% of Warrior Met Coal worth $839,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HCC. Origin Asset Management LLP bought a new position in Warrior Met Coal during the first quarter worth about $304,000. HCR Wealth Advisors bought a new position in Warrior Met Coal during the first quarter worth about $224,000. O Keefe Stevens Advisory Inc. bought a new position in Warrior Met Coal during the second quarter worth about $2,210,000. Sciencast Management LP bought a new position in Warrior Met Coal during the first quarter worth about $227,000. Finally, IndexIQ Advisors LLC lifted its holdings in Warrior Met Coal by 478.4% during the first quarter. IndexIQ Advisors LLC now owns 61,178 shares of the company’s stock worth $1,860,000 after acquiring an additional 50,600 shares in the last quarter.
Shares of HCC traded down $0.54 during midday trading on Wednesday, hitting $20.59. The stock had a trading volume of 19,810 shares, compared to its average volume of 838,390. The firm has a 50 day moving average of $24.21. Warrior Met Coal Inc has a twelve month low of $19.89 and a twelve month high of $33.49. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 2.37 and a beta of 0.47. The company has a current ratio of 3.31, a quick ratio of 2.73 and a debt-to-equity ratio of 0.52.
The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, August 1st. Warrior Met Coal’s dividend payout ratio is currently 2.31%.
Several research analysts have weighed in on the company. Jefferies Financial Group lowered Warrior Met Coal from a “buy” rating to a “hold” rating and reduced their target price for the stock from $38.00 to $22.00 in a report on Tuesday, August 6th. Deutsche Bank set a $34.00 price target on Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday, July 11th. ValuEngine downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. TheStreet downgraded Warrior Met Coal from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. Finally, BMO Capital Markets set a $40.00 price target on Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.89.
In related news, insider Brian M. Chopin sold 1,068 shares of Warrior Met Coal stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $27.13, for a total value of $28,974.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Walter J. Scheller sold 4,547 shares of Warrior Met Coal stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $27.04, for a total value of $122,950.88. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.
Warrior Met Coal Profile
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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