Warrior Met Coal Sees Unusually High Options Volume (NYSE:HCC)


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Warrior Met Coal, Inc. (NYSE:HCC) was the target of unusually large options trading on Tuesday. Stock investors bought 5,564 call options on the company. This represents an increase of approximately 630% compared to the typical volume of 762 call options.

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in Warrior Met Coal by 11.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,380,229 shares of the company’s stock valued at $29,425,000 after buying an additional 146,789 shares in the last quarter. SummerHaven Investment Management LLC purchased a new position in Warrior Met Coal during the 4th quarter valued at approximately $598,000. Squarepoint Ops LLC purchased a new position in Warrior Met Coal during the 4th quarter valued at approximately $423,000. Morgan Stanley grew its holdings in Warrior Met Coal by 381.6% during the 4th quarter. Morgan Stanley now owns 1,047,083 shares of the company’s stock valued at $22,323,000 after buying an additional 829,663 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in Warrior Met Coal during the 4th quarter valued at approximately $2,632,000. Hedge funds and other institutional investors own 98.18% of the company’s stock.

Shares of NYSE:HCC traded up $1.94 during trading on Tuesday, hitting $25.62. 24,668 shares of the company’s stock were exchanged, compared to its average volume of 629,264. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.60 and a quick ratio of 2.49. Warrior Met Coal has a 52-week low of $9.46 and a 52-week high of $24.17. The business’s 50-day simple moving average is $22.64 and its 200 day simple moving average is $18.64. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 64.00 and a beta of 1.25.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 8th. Investors of record on Monday, March 1st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, February 26th. Warrior Met Coal’s dividend payout ratio is currently 3.62%.

HCC has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and issued a $26.00 price target on shares of Warrior Met Coal in a research report on Tuesday, November 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Monday, December 7th. Smith Barney Citigroup cut Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Monday, December 7th. BMO Capital Markets cut Warrior Met Coal from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research report on Thursday, December 17th. Finally, Deutsche Bank Aktiengesellschaft cut Warrior Met Coal from a “buy” rating to a “hold” rating and reduced their price target for the stock from $26.00 to $21.00 in a research report on Wednesday, January 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.00.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports 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.

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