Seven Eight Capital LP Sells 14,141 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Seven Eight Capital LP lessened its position in Warrior Met Coal, Inc. (NYSE:HCC) by 29.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,550 shares of the company’s stock after selling 14,141 shares during the period. Seven Eight Capital LP owned about 0.06% of Warrior Met Coal worth $2,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HCC. Wulff Hansen & CO. boosted its holdings in shares of Warrior Met Coal by 6,177.0% during the 2nd quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after buying an additional 326,269 shares during the period. Hosking Partners LLP boosted its holdings in shares of Warrior Met Coal by 68.9% during the 2nd quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock worth $30,264,000 after buying an additional 196,601 shares during the period. Clearbridge Investments LLC bought a new stake in shares of Warrior Met Coal during the 1st quarter worth about $9,234,000. Jupiter Asset Management Ltd. bought a new stake in shares of Warrior Met Coal during the 1st quarter worth about $7,021,000. Finally, Forest Avenue Capital Management LP bought a new stake in shares of Warrior Met Coal during the 4th quarter worth about $6,725,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Trading Down 1.8 %

NYSE:HCC opened at $52.43 on Thursday. The firm’s fifty day moving average is $61.63 and its 200-day moving average is $63.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37. Warrior Met Coal, Inc. has a 52 week low of $44.60 and a 52 week high of $75.53. The firm has a market cap of $2.74 billion, a P/E ratio of 6.34 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.03. The business had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. Warrior Met Coal’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 earnings per share. Equities analysts expect that Warrior Met Coal, Inc. will post 5.55 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.32 annualized dividend and a yield of 0.61%. Warrior Met Coal’s payout ratio is 3.85%.

Analyst Ratings Changes

A number of analysts have issued reports on HCC shares. B. Riley cut their price objective on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and an average price target of $72.60.

Insiders Place Their Bets

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