Alliancebernstein L.P. lessened its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,101 shares of the company's stock after selling 17,280 shares during the quarter. Alliancebernstein L.P. owned 0.19% of Warrior Met Coal worth $5,429,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of HCC. American Century Companies Inc. boosted its stake in Warrior Met Coal by 7.1% in the fourth quarter. American Century Companies Inc. now owns 1,748,274 shares of the company's stock valued at $94,826,000 after buying an additional 115,675 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Warrior Met Coal by 10.1% in the fourth quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company's stock worth $74,778,000 after acquiring an additional 126,911 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Warrior Met Coal by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company's stock valued at $77,232,000 after purchasing an additional 13,650 shares in the last quarter. River Road Asset Management LLC grew its holdings in shares of Warrior Met Coal by 2.1% during the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company's stock valued at $48,186,000 after purchasing an additional 18,031 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Warrior Met Coal by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company's stock worth $42,904,000 after purchasing an additional 83,331 shares in the last quarter. Institutional investors own 92.28% of the company's stock.
Warrior Met Coal Trading Up 4.4 %
Shares of Warrior Met Coal stock traded up $2.09 during trading on Friday, hitting $49.37. The company's stock had a trading volume of 853,820 shares, compared to its average volume of 782,376. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 10.31 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. Warrior Met Coal, Inc. has a 52 week low of $38.00 and a 52 week high of $75.53. The stock has a 50-day moving average price of $47.94 and a two-hundred day moving average price of $56.34.
Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.34). The company had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. Equities research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.
Warrior Met Coal Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were issued a dividend of $0.08 per share. The ex-dividend date was Monday, February 24th. This represents a $0.32 annualized dividend and a yield of 0.65%. Warrior Met Coal's payout ratio is 6.68%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Jefferies Financial Group cut their price objective on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, B. Riley dropped their target price on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research report on Friday, April 11th.
Read Our Latest Stock Report on HCC
About Warrior Met Coal
(
Free Report)
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.
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