Warrior Met Coal, Inc. (NYSE:HCC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 69.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,592 shares of the company's stock after selling 42,617 shares during the period. Franklin Resources Inc.'s holdings in Warrior Met Coal were worth $1,008,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of Warrior Met Coal during the fourth quarter valued at $43,000. GAMMA Investing LLC raised its holdings in shares of Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company's stock valued at $54,000 after purchasing an additional 358 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Warrior Met Coal by 304.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock valued at $75,000 after purchasing an additional 1,040 shares during the period. Wolverine Asset Management LLC boosted its holdings in Warrior Met Coal by 264.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company's stock worth $94,000 after purchasing an additional 2,800 shares during the last quarter. Finally, KBC Group NV raised its stake in Warrior Met Coal by 25.0% during the 4th quarter. KBC Group NV now owns 2,139 shares of the company's stock valued at $116,000 after buying an additional 428 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Trading Up 4.4 %

Warrior Met Coal stock traded up $2.09 during midday trading on Friday, reaching $49.37. The stock had a trading volume of 853,820 shares, compared to its average volume of 782,161. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $47.86 and a 200 day moving average of $56.25. Warrior Met Coal, Inc. has a 52-week low of $38.00 and a 52-week high of $75.53. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 10.31 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced 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 business had revenue of $297.47 million during the quarter, compared to analysts' expectations of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. On average, analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.65%. Warrior Met Coal's dividend payout ratio is currently 6.68%.

Analyst Ratings Changes

HCC has been the subject of a number of research reports. B. Riley reduced their target price on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a report on Friday, April 11th. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, Jefferies Financial Group reduced their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Monday, January 6th.

About Warrior Met Coal

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.