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Warrior Met Coal, Inc. (NYSE:HCC) Sees Large Increase in Short Interest

kopsource · Sep 17, 2022 15:02

Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,430,000 shares, an increase of 24.3% from the August 15th total of 2,760,000 shares. Approximately 6.7% of the shares of the company are short sold. Based on an average daily trading volume, of 831,500 shares, the short-interest ratio is currently 4.1 days.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock traded down $0.58 during midday trading on Friday, reaching $28.02. The company had a trading volume of 1,582,611 shares, compared to its average volume of 612,271. The company has a current ratio of 7.71, a quick ratio of 6.74 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 2.34 and a beta of 0.97. The stock has a fifty day simple moving average of $31.52 and a 200 day simple moving average of $33.92. Warrior Met Coal has a 1-year low of $20.25 and a 1-year high of $42.95.

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Warrior Met Coal (NYSE:HCC – Get Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $5.87 earnings per share for the quarter, beating analysts' consensus estimates of $5.59 by $0.28. The business had revenue of $625.16 million during the quarter, compared to analyst estimates of $585.28 million. Warrior Met Coal had a net margin of 38.24% and a return on equity of 68.47%. As a group, equities research analysts forecast that Warrior Met Coal will post 11.37 earnings per share for the current year.

Warrior Met Coal Increases Dividend

The business also recently declared a None dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 22nd were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, August 19th. This is a positive change from Warrior Met Coal's previous None dividend of $0.50. Warrior Met Coal's dividend payout ratio (DPR) is currently 2.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HCC shares. Jefferies Financial Group upgraded shares of Warrior Met Coal from a "hold" rating to a "buy" rating and raised their price target for the stock from $36.00 to $50.00 in a research note on Tuesday, June 7th. B. Riley lifted their target price on shares of Warrior Met Coal from $45.00 to $48.00 in a research note on Thursday, July 7th. BMO Capital Markets cut shares of Warrior Met Coal from an "outperform" rating to a "market perform" rating and cut their target price for the company from $45.00 to $37.00 in a research note on Thursday, August 4th. Finally, Clarkson Capital reiterated a "buy" rating on shares of Warrior Met Coal in a research note on Tuesday, June 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $39.75.

Insider Activity at Warrior Met Coal

In related news, Director Lisa M. Schnorr bought 1,500 shares of Warrior Met Coal stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $48,015.00. Following the completion of the purchase, the director now owns 1,500 shares in the company, valued at $48,015. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently modified their holdings of HCC. Progeny 3 Inc. grew its holdings in Warrior Met Coal by 40.8% during the 4th quarter. Progeny 3 Inc. now owns 224,064 shares of the company's stock worth $5,761,000 after acquiring an additional 64,939 shares during the period. Qube Research & Technologies Ltd grew its holdings in Warrior Met Coal by 391.3% during the 1st quarter. Qube Research & Technologies Ltd now owns 63,506 shares of the company's stock worth $2,357,000 after acquiring an additional 50,579 shares during the period. CastleKnight Management LP acquired a new stake in Warrior Met Coal during the 4th quarter worth $545,000. Corton Capital Inc. acquired a new stake in Warrior Met Coal during the 4th quarter worth $302,000. Finally, Acadian Asset Management LLC grew its holdings in Warrior Met Coal by 279.2% during the 1st quarter. Acadian Asset Management LLC now owns 265,205 shares of the company's stock worth $9,838,000 after acquiring an additional 195,263 shares during the period. Institutional investors and hedge funds own 95.26% of the company's stock.

Warrior Met Coal Company Profile

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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.