Warrior Met Coal, Inc. (NYSE:HCC – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,980,000 shares, a decline of 8.0% from the August 15th total of 3,240,000 shares. Currently, 5.8% of the company’s shares are short sold. Based on an average trading volume of 624,600 shares, the short-interest ratio is currently 4.8 days.
Warrior Met Coal Stock Down 1.0 %
Shares of HCC stock traded down $0.46 during trading on Tuesday, reaching $47.30. The company’s stock had a trading volume of 74,169 shares, compared to its average volume of 621,546. The company has a debt-to-equity ratio of 0.18, a current ratio of 9.79 and a quick ratio of 8.68. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 5.35 and a beta of 1.12. The stock’s 50-day moving average price is $41.14 and its 200 day moving average price is $38.07. Warrior Met Coal has a 1-year low of $26.37 and a 1-year high of $48.63.
Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.39). The business had revenue of $379.66 million during the quarter, compared to analyst estimates of $407.47 million. Warrior Met Coal had a net margin of 28.47% and a return on equity of 31.67%. The company’s revenue for the quarter was down 39.3% on a year-over-year basis. During the same quarter last year, the firm posted $5.87 EPS. On average, research analysts anticipate that Warrior Met Coal will post 8.49 EPS for the current year.
Warrior Met Coal Announces Dividend
In other news, CAO Brian M. Chopin sold 2,816 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $45.00, for a total value of $126,720.00. Following the sale, the chief accounting officer now directly owns 11,187 shares of the company’s stock, valued at approximately $503,415. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Virginia Retirement Systems ET AL acquired a new position in shares of Warrior Met Coal in the second quarter valued at approximately $1,165,000. Teachers Retirement System of The State of Kentucky grew its holdings in Warrior Met Coal by 5.8% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 16,440 shares of the company’s stock worth $641,000 after acquiring an additional 907 shares in the last quarter. Walleye Capital LLC acquired a new position in Warrior Met Coal during the 2nd quarter worth approximately $568,000. Regal Partners Ltd acquired a new position in Warrior Met Coal during the 2nd quarter worth approximately $665,000. Finally, Zacks Investment Management acquired a new position in Warrior Met Coal during the 2nd quarter worth approximately $863,000. Institutional investors and hedge funds own 93.89% of the company’s stock.
Warrior Met Coal Company 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.
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