Steelhead Partners LLC lessened its holdings in shares of Warrior Met Coal Inc (NYSE:HCC) by 35.4% during the 4th quarter, HoldingsChannel reports. The fund owned 197,820 shares of the company’s stock after selling 108,500 shares during the period. Steelhead Partners LLC’s holdings in Warrior Met Coal were worth $4,975,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Teachers Advisors LLC raised its position in Warrior Met Coal by 29.9% during the fourth quarter. Teachers Advisors LLC now owns 120,892 shares of the company’s stock valued at $3,040,000 after acquiring an additional 27,838 shares in the last quarter. Luminus Management LLC bought a new position in Warrior Met Coal during the fourth quarter valued at approximately $26,273,000. California State Teachers Retirement System raised its position in Warrior Met Coal by 95.0% during the fourth quarter. California State Teachers Retirement System now owns 52,140 shares of the company’s stock valued at $1,311,000 after acquiring an additional 25,406 shares in the last quarter. Two Sigma Investments LP bought a new position in Warrior Met Coal during the fourth quarter valued at approximately $14,857,000. Finally, Two Sigma Advisers LP bought a new position in Warrior Met Coal during the fourth quarter valued at approximately $5,465,000.
In other news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $30.98, for a total value of $619,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $30.98, for a total transaction of $1,549,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 142,097 shares of company stock worth $4,461,619.
Warrior Met Coal Inc (HCC) opened at $29.24 on Monday. Warrior Met Coal Inc has a 52-week low of $15.10 and a 52-week high of $33.72. The company has a market cap of $1,558.04 and a P/E ratio of 3.39. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.48 and a quick ratio of 1.98.
Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $1.16 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.16. Warrior Met Coal had a net margin of 38.92% and a return on equity of 61.78%. The company had revenue of $239.80 million for the quarter, compared to analyst estimates of $227.72 million. sell-side analysts forecast that Warrior Met Coal Inc will post 5.17 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 23rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 22nd. Warrior Met Coal’s dividend payout ratio is 2.32%.
Warrior Met Coal Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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