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

Warrior Met Coal, Inc. (NYSE:HCC) was the target of some unusual options trading on Tuesday. Traders acquired 5,564 call options on the company. This is an increase of approximately 630% compared to the average daily volume of 762 call options.

NYSE:HCC traded up $1.94 during mid-day trading on Tuesday, reaching $25.62. The stock had a trading volume of 24,668 shares, compared to its average volume of 629,264. The firm has a 50 day moving average price of $22.64 and a two-hundred day moving average price of $18.64. The stock has a market capitalization of $1.31 billion, a P/E ratio of 64.00 and a beta of 1.25. Warrior Met Coal has a one year low of $9.46 and a one year high of $24.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.49 and a current ratio of 3.60.

The company 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 $0.05 dividend. The ex-dividend date is Friday, February 26th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. Warrior Met Coal’s payout ratio is 3.62%.

HCC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Warrior Met Coal from a “buy” rating to a “hold” rating and reduced their target price for the company from $26.00 to $21.00 in a report on Wednesday, January 13th. Smith Barney Citigroup downgraded Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Monday, December 7th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Monday, December 7th. BMO Capital Markets downgraded 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, Roth Capital started coverage on Warrior Met Coal in a research report on Thursday, November 12th. They set a “buy” rating and a $20.00 price target for the company. One 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. Warrior Met Coal presently has an average rating of “Hold” and an average price target of $21.00.

A number of large investors have recently added to or reduced their stakes in HCC. Point72 Asset Management L.P. bought a new stake in Warrior Met Coal in the third quarter valued at approximately $11,046,000. BNP Paribas Arbitrage SA lifted its position in Warrior Met Coal by 83.7% in the third quarter. BNP Paribas Arbitrage SA now owns 20,409 shares of the company’s stock valued at $349,000 after purchasing an additional 9,298 shares during the last quarter. Wells Fargo & Company MN lifted its position in Warrior Met Coal by 2.3% in the third quarter. Wells Fargo & Company MN now owns 204,686 shares of the company’s stock valued at $3,497,000 after purchasing an additional 4,604 shares during the last quarter. Sciencast Management LP bought a new stake in Warrior Met Coal in the third quarter valued at approximately $224,000. Finally, Guggenheim Capital LLC bought a new stake in Warrior Met Coal in the third quarter valued at approximately $208,000. Institutional investors own 98.18% of the company’s stock.

Warrior Met Coal Company Profile

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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