16,338 Shares in Warrior Met Coal, Inc. (NYSE:HCC) Purchased by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,338 shares of the company’s stock, valued at approximately $992,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its holdings in Warrior Met Coal by 33.8% in the first quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company’s stock valued at $59,137,000 after purchasing an additional 246,217 shares during the period. Clearbridge Investments LLC acquired a new stake in Warrior Met Coal in the first quarter valued at approximately $9,234,000. Jupiter Asset Management Ltd. acquired a new stake in Warrior Met Coal in the first quarter valued at approximately $7,021,000. Forest Avenue Capital Management LP acquired a new stake in Warrior Met Coal in the fourth quarter valued at approximately $6,725,000. Finally, High Ground Investment Management LLP purchased a new position in Warrior Met Coal during the first quarter worth approximately $4,663,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Warrior Met Coal

In other news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the completion of the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Warrior Met Coal Stock Up 2.6 %

HCC traded up $1.78 on Friday, hitting $69.47. 467,465 shares of the company were exchanged, compared to its average volume of 778,476. Warrior Met Coal, Inc. has a twelve month low of $38.01 and a twelve month high of $75.53. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 8.36 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. The firm has a 50-day moving average price of $67.42 and a two-hundred day moving average price of $63.73.

Warrior Met Coal (NYSE:HCC) last released its 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 analysts’ expectations of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. Warrior Met Coal’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.57 EPS. On average, equities analysts predict that Warrior Met Coal, Inc. will post 7.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.