Gallacher Capital Management LLC Has $531,000 Stake in Warrior Met Coal, Inc. (NYSE:HCC)

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

Several other large investors have also bought and sold shares of HCC. SummerHaven Investment Management LLC boosted its stake in Warrior Met Coal by 1.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock worth $1,155,000 after acquiring an additional 192 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Warrior Met Coal by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock worth $1,197,000 after purchasing an additional 279 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Warrior Met Coal in the 3rd quarter valued at $32,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at $38,000. Finally, O Keefe Stevens Advisory Inc. increased its position in shares of Warrior Met Coal by 0.4% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 261,498 shares of the company’s stock valued at $15,944,000 after buying an additional 923 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Up 1.3 %

NYSE:HCC traded up $0.82 on Friday, hitting $66.23. 621,682 shares of the company’s stock were exchanged, compared to its average volume of 793,044. The firm has a 50-day moving average price of $60.90 and a 200-day moving average price of $58.65. Warrior Met Coal, Inc. has a 52 week low of $31.97 and a 52 week high of $71.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.99. The company has a market cap of $3.46 billion, a P/E ratio of 7.97 and a beta of 1.05.

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

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is currently 3.85%.

Insider Buying and Selling at Warrior Met Coal

In other news, Director Alan H. Schumacher bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was acquired at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, the director now owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HCC shares. UBS Group initiated coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price for the company. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Thursday. B. Riley raised their target price on shares of Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets lifted their price target on shares of 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 shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.80.

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.