Seven Eight Capital LP Reduces Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Seven Eight Capital LP decreased its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 29.7% in the 2nd 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 0.06% of Warrior Met Coal worth $2,106,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company's stock valued at $32,000 after acquiring an additional 144 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of Warrior Met Coal during the 1st quarter worth about $39,000. EntryPoint Capital LLC acquired a new stake in shares of Warrior Met Coal during the 1st quarter worth about $54,000. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock valued at $61,000 after buying an additional 442 shares during the period. Finally, Ausbil Investment Management Ltd acquired a new position in Warrior Met Coal in the second quarter valued at about $82,000. Hedge funds and other institutional investors own 92.28% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HCC. B. Riley dropped their price target on shares of Warrior Met Coal from $92.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal has an average rating of "Moderate Buy" and a consensus target price of $72.60.

Warrior Met Coal Trading Up 5.2 %

NYSE:HCC traded up $2.74 on Thursday, reaching $55.14. 760,784 shares of the company's stock were exchanged, compared to its average volume of 771,021. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 6.61 and a beta of 1.02. Warrior Met Coal, Inc. has a 52-week low of $44.60 and a 52-week high of $75.53. The company has a quick ratio of 5.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $61.33 and a 200-day moving average of $62.94.

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

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a $0.08 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.58%. Warrior Met Coal's dividend payout ratio (DPR) is presently 3.85%.

Insider Buying and Selling

In other Warrior Met Coal 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 transaction of $1,739,572.20. Following the sale, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of the business's stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the transaction, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 61,678 shares in the company, valued at $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.