Bank of New York Mellon Corp Sells 8,022 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Bank of New York Mellon Corp decreased its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 481,817 shares of the company's stock after selling 8,022 shares during the quarter. Bank of New York Mellon Corp owned 0.92% of Warrior Met Coal worth $26,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HCC. Y Intercept Hong Kong Ltd bought a new position in shares of Warrior Met Coal in the fourth quarter worth $1,300,000. Allianz Asset Management GmbH increased its holdings in Warrior Met Coal by 10.1% in the 4th quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company's stock valued at $74,778,000 after buying an additional 126,911 shares during the period. Wolverine Asset Management LLC raised its position in shares of Warrior Met Coal by 264.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company's stock valued at $94,000 after buying an additional 2,800 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Warrior Met Coal by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock worth $577,000 after acquiring an additional 276 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Warrior Met Coal by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 311,937 shares of the company's stock worth $16,919,000 after acquiring an additional 13,629 shares during the period. Institutional investors own 92.28% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented 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 lowered their price target on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, B. Riley reduced their price objective on Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.00.

Warrior Met Coal Price Performance

Shares of NYSE HCC traded up $0.67 during mid-day trading on Thursday, hitting $48.48. 516,513 shares of the stock traded hands, compared to its average volume of 736,700. The company has a market cap of $2.55 billion, a PE ratio of 10.12 and a beta of 1.10. Warrior Met Coal, Inc. has a twelve month low of $44.62 and a twelve month high of $75.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The firm has a 50 day simple moving average of $51.84 and a two-hundred day simple moving average of $58.34.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released 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). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The firm had revenue of $297.47 million for the quarter, compared to the consensus estimate of $331.70 million. As a group, equities research analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were given a dividend of $0.08 per share. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.66%. Warrior Met Coal's dividend payout ratio (DPR) is 6.68%.

Warrior Met Coal Company Profile

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.