Van ECK Associates Corp Sells 12,368 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Van ECK Associates Corp cut its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,991 shares of the company's stock after selling 12,368 shares during the quarter. Van ECK Associates Corp owned 0.21% of Warrior Met Coal worth $6,074,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in Warrior Met Coal by 4.9% in the 3rd quarter. State Street Corp now owns 3,404,237 shares of the company's stock valued at $217,531,000 after buying an additional 158,722 shares during the last quarter. FMR LLC increased its position in Warrior Met Coal by 8.6% in the 3rd quarter. FMR LLC now owns 3,210,531 shares of the company's stock valued at $205,153,000 after acquiring an additional 254,540 shares during the period. Maple Rock Capital Partners Inc. raised its stake in shares of Warrior Met Coal by 193.9% during the third 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. Geode Capital Management LLC lifted its holdings 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 22.9% during the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company's stock worth $55,616,000 after purchasing an additional 162,387 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. B. Riley lowered their price objective on Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group decreased their target price 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Warrior Met Coal presently has an average rating of "Moderate Buy" and a consensus price target of $74.00.

Warrior Met Coal Trading Down 4.0 %

HCC traded down $1.95 during trading on Friday, hitting $46.17. The company's stock had a trading volume of 870,879 shares, compared to its average volume of 773,171. The firm has a market capitalization of $2.43 billion, a P/E ratio of 9.64 and a beta of 1.07. Warrior Met Coal, Inc. has a twelve month low of $45.94 and a twelve month high of $75.53. The stock's fifty day moving average price is $53.59 and its 200-day moving average price is $59.32. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.34). The company had revenue of $297.47 million for 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%. Analysts anticipate 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 will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. Warrior Met Coal's dividend payout ratio (DPR) is presently 6.68%.

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.