Assenagon Asset Management S.A. Has $10.95 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

Assenagon Asset Management S.A. cut its position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 82.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 174,370 shares of the company's stock after selling 799,877 shares during the period. Assenagon Asset Management S.A. owned about 0.33% of Warrior Met Coal worth $10,945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HCC. USA Financial Formulas bought a new position in shares of Warrior Met Coal in the 4th quarter worth $25,000. GAMMA Investing LLC raised its position in shares of Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company's stock worth $32,000 after acquiring an additional 144 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new position in shares of Warrior Met Coal in the 1st quarter worth $39,000. EntryPoint Capital LLC bought a new position in shares of Warrior Met Coal in the 1st quarter worth $54,000. Finally, Quadrant Capital Group LLC raised its position in shares of Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock worth $61,000 after acquiring an additional 442 shares in the last quarter. 92.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 23,148 shares of the company's stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Walter J. Scheller sold 23,148 shares of the company's stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kelli K. Gant sold 10,000 shares of the company's stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the completion of the sale, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on HCC shares. B. Riley boosted their price target on Warrior Met Coal from $91.00 to $92.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Finally, BMO Capital Markets upped their target price on Warrior Met Coal from $62.00 to $70.00 and gave the company a "market perform" rating in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Warrior Met Coal Stock Performance

Warrior Met Coal stock traded up $0.82 during trading hours on Friday, hitting $59.06. 579,342 shares of the stock traded hands, compared to its average volume of 780,585. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85. The firm's 50 day moving average price is $65.93 and its 200-day moving average price is $63.40. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 7.11 and a beta of 1.05. Warrior Met Coal, Inc. has a 1 year low of $38.14 and a 1 year high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. The business had revenue of $396.52 million for the quarter, compared to the consensus estimate of $387.91 million. Warrior Met Coal had a return on equity of 23.27% and a net margin of 25.01%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 EPS. As a group, equities analysts expect that Warrior Met Coal, Inc. will post 7.36 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 annualized dividend and a yield of 0.54%. Warrior Met Coal's payout ratio is presently 3.85%.

About Warrior Met Coal

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.