Legal & General Group Plc Sells 9,040 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Legal & General Group Plc cut its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,939 shares of the company's stock after selling 9,040 shares during the period. Legal & General Group Plc owned approximately 0.28% of Warrior Met Coal worth $7,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. raised its holdings in shares of Warrior Met Coal by 7.1% during the fourth quarter. American Century Companies Inc. now owns 1,748,274 shares of the company's stock valued at $94,826,000 after purchasing an additional 115,675 shares during the period. Dalal Street LLC increased its holdings in shares of Warrior Met Coal by 144.1% during the fourth quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock valued at $92,461,000 after acquiring an additional 1,006,263 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Warrior Met Coal by 10.1% during the fourth quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company's stock worth $74,778,000 after purchasing an additional 126,911 shares during the period. Geode Capital Management LLC raised its position in shares of Warrior Met Coal by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company's stock worth $77,232,000 after purchasing an additional 13,650 shares during the period. Finally, River Road Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 2.1% in the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company's stock worth $48,186,000 after purchasing an additional 18,031 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Up 1.3 %

Shares of HCC stock traded up $0.64 on Wednesday, hitting $49.31. The stock had a trading volume of 528,398 shares, compared to its average volume of 782,910. Warrior Met Coal, Inc. has a 12-month low of $38.00 and a 12-month high of $75.53. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 10.27 and a beta of 0.80. The business has a 50 day moving average of $47.65 and a 200 day moving average of $56.00. 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 (NYSE:HCC - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). The firm had revenue of $297.47 million for the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. As a group, analysts expect that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were issued a dividend of $0.08 per share. 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 (DPR) is presently 6.68%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Jefferies Financial Group dropped 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 research report on Monday, January 6th. Finally, B. Riley cut their price target on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, April 11th.

Warrior Met Coal 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.