Magnetar Financial LLC Decreases Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Magnetar Financial LLC reduced its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 69.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,952 shares of the company's stock after selling 13,753 shares during the quarter. Magnetar Financial LLC's holdings in Warrior Met Coal were worth $323,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Enhancing Capital LLC purchased a new stake in Warrior Met Coal in the fourth quarter valued at about $3,187,000. Kennondale Capital Management LLC purchased a new position in Warrior Met Coal in the 4th quarter worth $1,505,000. Cibc World Markets Corp purchased a new stake in Warrior Met Coal during the 4th quarter valued at about $263,000. Mercuria Capital Strategies LLC purchased a new position in shares of Warrior Met Coal in the fourth quarter worth about $8,354,000. Finally, Swiss National Bank lifted its holdings in shares of Warrior Met Coal by 0.8% during the fourth quarter. Swiss National Bank now owns 102,900 shares of the company's stock worth $5,581,000 after purchasing an additional 800 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HCC. Jefferies Financial Group reduced their price target 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. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Finally, B. Riley cut their price target on Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $74.00.

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Warrior Met Coal Stock Performance

NYSE HCC traded up $1.58 during mid-day trading on Thursday, reaching $50.47. 579,226 shares of the stock were exchanged, compared to its average volume of 728,823. The company has a market capitalization of $2.65 billion, a P/E ratio of 10.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. The business's 50 day moving average is $50.88 and its 200-day moving average is $57.66. Warrior Met Coal, Inc. has a 1 year low of $44.62 and a 1 year high of $75.53.

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 analysts' consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The business had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. On average, equities research analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal's payout ratio is 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.