Gallacher Capital Management LLC Sells 3,885 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Gallacher Capital Management LLC lowered its position in Warrior Met Coal, Inc. (NYSE:HCC) by 30.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,709 shares of the company’s stock after selling 3,885 shares during the quarter. Gallacher Capital Management LLC’s holdings in Warrior Met Coal were worth $531,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new position in Warrior Met Coal in the third quarter valued at about $32,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Warrior Met Coal in the 4th quarter valued at $38,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in shares of Warrior Met Coal in the 3rd quarter valued at $204,000. Kingsview Wealth Management LLC bought a new stake in shares of Warrior Met Coal during the third quarter worth $208,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Warrior Met Coal during the 3rd quarter worth about $224,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Warrior Met Coal stock traded up $0.82 during trading hours on Friday, reaching $66.23. 621,682 shares of the stock were exchanged, compared to its average volume of 793,044. The stock has a 50 day moving average of $60.90 and a two-hundred day moving average of $58.65. The company has a market cap of $3.46 billion, a P/E ratio of 7.97 and a beta of 1.05. The company has a current ratio of 6.86, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. Warrior Met Coal, Inc. has a twelve month low of $31.97 and a twelve month high of $71.91.

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

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Analyst Ratings Changes

HCC has been the topic of several recent research reports. B. Riley raised their target price on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group started coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price target on the stock. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Thursday. BMO Capital Markets increased their price target on Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Citigroup raised 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 research note on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.80.

Insider Buying and Selling at Warrior Met Coal

In other news, Director Alan H. Schumacher purchased 2,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were acquired at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the acquisition, the director now owns 30,270 shares in the company, valued at $1,760,200.50. The transaction was disclosed in a filing with the SEC, 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.