Algert Global LLC Sells 22,280 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Algert Global LLC reduced its position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 57.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,484 shares of the company's stock after selling 22,280 shares during the period. Algert Global LLC's holdings in Warrior Met Coal were worth $1,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its position in shares of Warrior Met Coal by 61.4% in the third quarter. Citigroup Inc. now owns 87,441 shares of the company's stock valued at $5,587,000 after acquiring an additional 33,272 shares during the period. Intech Investment Management LLC grew its position in shares of Warrior Met Coal by 126.1% during the 3rd quarter. Intech Investment Management LLC now owns 19,652 shares of the company's stock worth $1,256,000 after purchasing an additional 10,959 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Warrior Met Coal during the third quarter worth approximately $4,503,000. Empowered Funds LLC boosted its stake in shares of Warrior Met Coal by 4.3% in the third quarter. Empowered Funds LLC now owns 215,667 shares of the company's stock valued at $13,781,000 after buying an additional 8,802 shares during the period. Finally, KBC Group NV grew its position in Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company's stock worth $109,000 after buying an additional 392 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Price Performance

Shares of HCC stock traded up $0.11 on Friday, hitting $70.41. 323,116 shares of the company's stock were exchanged, compared to its average volume of 763,368. The company has a 50 day moving average of $64.88 and a 200 day moving average of $64.03. The stock has a market cap of $3.68 billion, a P/E ratio of 9.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. Warrior Met Coal, Inc. has a 12 month low of $50.60 and a 12 month high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.40. The firm had revenue of $327.72 million during the quarter, compared to analysts' expectations of $322.21 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business's revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, equities research analysts predict that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.45%. Warrior Met Coal's payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley boosted their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of "Hold" and a consensus target price of $75.75.

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.