Warrior Met Coal, Inc. (NYSE:HCC) Short Interest Down 7.1% in June

Warrior Met Coal, Inc. (NYSE:HCC) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 2,760,000 shares, a decrease of 7.1% from the May 31st total of 2,970,000 shares. Based on an average daily volume of 719,100 shares, the days-to-cover ratio is presently 3.8 days. Approximately 5.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. KGH Ltd increased its position in Warrior Met Coal by 11.2% in the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company’s stock valued at $132,297,000 after acquiring an additional 260,091 shares during the period. Price T Rowe Associates Inc. MD raised its position in Warrior Met Coal by 2.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,299,563 shares of the company’s stock worth $78,885,000 after purchasing an additional 30,053 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Warrior Met Coal by 33.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company’s stock worth $59,137,000 after purchasing an additional 246,217 shares during the last quarter. American Century Companies Inc. lifted its holdings in Warrior Met Coal by 10.7% during the 3rd quarter. American Century Companies Inc. now owns 961,388 shares of the company’s stock worth $49,108,000 after buying an additional 92,941 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of Warrior Met Coal by 9.7% in the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock valued at $44,485,000 after buying an additional 64,672 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Warrior Met Coal stock traded up $0.39 during mid-day trading on Wednesday, reaching $73.21. The company had a trading volume of 808,537 shares, compared to its average volume of 789,476. The business has a fifty day simple moving average of $66.15 and a 200 day simple moving average of $62.80. The company has a market cap of $3.83 billion, a P/E ratio of 8.81 and a beta of 1.05. Warrior Met Coal has a fifty-two week low of $37.28 and a fifty-two week high of $75.53. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.61. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The company had revenue of $503.50 million for the quarter, compared to the consensus estimate of $474.99 million. During the same quarter last year, the business posted $3.57 EPS. Warrior Met Coal’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Warrior Met Coal will post 6.98 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, May 3rd. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HCC. B. Riley boosted 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 report on Thursday, May 2nd. BMO Capital Markets boosted their price objective on shares of 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. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their target price for the company from $60.00 to $75.00 in a report on Thursday, April 11th. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus target price of $72.80.

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.