Gallacher Capital Management LLC Trims Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Gallacher Capital Management LLC trimmed its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 31.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,994 shares of the company’s stock after selling 2,715 shares during the quarter. Gallacher Capital Management LLC’s holdings in Warrior Met Coal were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HCC. Integrated Wealth Concepts LLC raised its holdings in shares of Warrior Met Coal by 86.7% in the third quarter. Integrated Wealth Concepts LLC now owns 31,174 shares of the company’s stock worth $1,592,000 after buying an additional 14,474 shares during the period. Walleye Capital LLC raised its holdings in shares of Warrior Met Coal by 214.2% in the third quarter. Walleye Capital LLC now owns 45,813 shares of the company’s stock worth $2,340,000 after buying an additional 31,233 shares during the period. American Century Companies Inc. raised its holdings in shares of Warrior Met Coal by 10.7% in the third quarter. American Century Companies Inc. now owns 961,388 shares of the company’s stock worth $49,108,000 after buying an additional 92,941 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Warrior Met Coal by 1.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock worth $1,197,000 after buying an additional 279 shares during the period. Finally, O Keefe Stevens Advisory Inc. raised its holdings in shares of Warrior Met Coal by 0.4% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 261,498 shares of the company’s stock worth $15,944,000 after buying an additional 923 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Up 2.6 %

Shares of HCC traded up $1.76 during trading hours on Friday, hitting $70.51. The company had a trading volume of 187,433 shares, compared to its average volume of 783,281. The company has a market capitalization of $3.69 billion, a PE ratio of 8.28 and a beta of 1.05. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. Warrior Met Coal, Inc. has a one year low of $37.28 and a one year high of $75.53. The company’s fifty day moving average price is $66.29 and its two-hundred day moving average price is $63.18.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.02 by $0.61. The firm had revenue of $503.50 million during the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.57 EPS. As a group, equities analysts forecast that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, May 3rd. Warrior Met Coal’s payout ratio is 3.85%.

Analyst Ratings Changes

Several research analysts have commented on the company. BMO Capital Markets raised their price objective on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. B. Riley raised their price objective on Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Monday, July 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.80.

Insider Buying and Selling

In related news, insider Kelli K. Gant sold 10,000 shares of the business’s 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 transaction, the insider now directly owns 61,678 shares in the company, valued at approximately $4,629,550.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Kelli K. Gant sold 10,000 shares of the business’s 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 transaction, the insider now directly owns 61,678 shares in the company, valued at approximately $4,629,550.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction, the chief executive officer now owns 340,485 shares in the company, valued at $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

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.