UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 95,448 shares of the company's stock after selling 13,110 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Warrior Met Coal worth $6,099,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after acquiring an additional 180 shares in the last quarter. Ausbil Investment Management Ltd bought a new position in shares of Warrior Met Coal in the 2nd quarter worth approximately $82,000. KBC Group NV raised its position in shares of Warrior Met Coal by 29.7% in the 3rd quarter. KBC Group NV now owns 1,711 shares of the company's stock worth $109,000 after acquiring an additional 392 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Warrior Met Coal by 34.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company's stock valued at $145,000 after purchasing an additional 599 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of Warrior Met Coal during the second quarter valued at approximately $160,000. 92.28% of the stock is currently owned by institutional investors.
Warrior Met Coal Stock Down 1.3 %
HCC stock traded down $0.81 on Wednesday, reaching $63.66. 385,041 shares of the company traded hands, compared to its average volume of 757,173. The firm has a fifty day simple moving average of $65.90 and a 200-day simple moving average of $64.13. The company has a market cap of $3.33 billion, a P/E ratio of 8.91 and a beta of 1.03. Warrior Met Coal, Inc. has a one year low of $50.60 and a one year high of $75.53. 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 (NYSE:HCC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.40. The company had revenue of $327.72 million for 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%. Warrior Met Coal's revenue was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. Research analysts anticipate that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.
Warrior Met Coal Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. Warrior Met Coal's payout ratio is currently 4.42%.
Analyst Ratings Changes
Separately, 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 report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $75.75.
Get Our Latest Report on Warrior Met Coal
Warrior Met Coal Company Profile
(
Free Report)
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.
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