Prudential Financial Inc. Has $2.88 Million Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Prudential Financial Inc. decreased its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 17.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 53,145 shares of the company's stock after selling 11,220 shares during the period. Prudential Financial Inc. owned approximately 0.10% of Warrior Met Coal worth $2,883,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HCC. State Street Corp increased its holdings in Warrior Met Coal by 4.9% in the third quarter. State Street Corp now owns 3,404,237 shares of the company's stock valued at $217,531,000 after purchasing an additional 158,722 shares during the last quarter. American Century Companies Inc. grew its position in shares of Warrior Met Coal by 7.1% during the 4th quarter. American Century Companies Inc. now owns 1,748,274 shares of the company's stock worth $94,826,000 after buying an additional 115,675 shares during the period. Maple Rock Capital Partners Inc. increased its stake in shares of Warrior Met Coal by 193.9% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company's stock valued at $93,357,000 after acquiring an additional 963,892 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of 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 acquiring an additional 126,911 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Warrior Met Coal by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company's stock worth $77,232,000 after acquiring an additional 13,650 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have commented on HCC shares. B. Riley lowered their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group lowered their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.00.

Warrior Met Coal Stock Up 0.4 %

Shares of Warrior Met Coal stock traded up $0.18 on Monday, hitting $40.84. The company had a trading volume of 1,446,616 shares, compared to its average volume of 767,757. The stock has a 50-day moving average of $49.36 and a 200-day moving average of $57.26. 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 twelve month low of $38.00 and a twelve month high of $75.53. The firm has a market capitalization of $2.15 billion, a P/E ratio of 8.53 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Research analysts predict that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company 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 dividend yield of 0.78%. Warrior Met Coal's payout ratio is presently 6.68%.

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.