Ritholtz Wealth Management lowered its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC – Free Report) by 18.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,818 shares of the company’s stock after selling 3,937 shares during the period. Ritholtz Wealth Management’s holdings in Warrior Met Coal were worth $694,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in HCC. Point72 Middle East FZE acquired a new stake in shares of Warrior Met Coal in the 4th quarter worth $45,000. Tucker Asset Management LLC purchased a new position in shares of Warrior Met Coal in the 1st quarter valued at about $51,000. Point72 Hong Kong Ltd increased its holdings in shares of Warrior Met Coal by 4,220.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock valued at $65,000 after purchasing an additional 2,068 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Warrior Met Coal by 86.8% in the 1st quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock valued at $143,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Warrior Met Coal by 23,505.9% in the 1st quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after purchasing an additional 3,996 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
Warrior Met Coal Stock Performance
Shares of HCC opened at $46.94 on Wednesday. The company has a 50-day simple moving average of $41.98 and a 200-day simple moving average of $38.34. The company has a quick ratio of 8.68, a current ratio of 9.79 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.44 billion, a PE ratio of 5.26 and a beta of 1.12. Warrior Met Coal, Inc. has a 52-week low of $27.50 and a 52-week high of $48.63.
Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.39). The company had revenue of $379.66 million during the quarter, compared to analysts’ expectations of $407.47 million. Warrior Met Coal had a net margin of 28.47% and a return on equity of 31.67%. The business’s revenue for the quarter was down 39.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.87 EPS. Equities research analysts predict that Warrior Met Coal, Inc. will post 8.49 earnings per share for the current fiscal year.
Warrior Met Coal Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were issued a $0.07 dividend. The ex-dividend date was Friday, August 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.60%. Warrior Met Coal’s dividend payout ratio is presently 3.14%.
Insider Activity
In other Warrior Met Coal news, CAO Brian M. Chopin sold 2,816 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $45.00, for a total transaction of $126,720.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,187 shares in the company, valued at approximately $503,415. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
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.
See Also
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