Anthracite Investment Company Inc. Trims Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Anthracite Investment Company Inc. trimmed its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 24.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,288 shares of the company's stock after selling 18,834 shares during the quarter. Warrior Met Coal makes up approximately 1.7% of Anthracite Investment Company Inc.'s portfolio, making the stock its 17th biggest holding. Anthracite Investment Company Inc. owned approximately 0.11% of Warrior Met Coal worth $3,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. increased its holdings in shares of Warrior Met Coal by 1.2% in the 1st quarter. Sei Investments Co. now owns 23,202 shares of the company's stock worth $1,408,000 after buying an additional 277 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Warrior Met Coal by 7.4% in the first quarter. ProShare Advisors LLC now owns 10,439 shares of the company's stock worth $634,000 after buying an additional 718 shares during the period. Edgestream Partners L.P. purchased a new position in Warrior Met Coal in the 1st quarter worth approximately $942,000. O Shaughnessy Asset Management LLC raised its holdings in Warrior Met Coal by 5.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 20,325 shares of the company's stock valued at $1,234,000 after buying an additional 1,057 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new position in Warrior Met Coal during the 1st quarter valued at approximately $9,234,000. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Price Performance

NYSE HCC traded up $1.47 during trading on Wednesday, hitting $69.97. 590,820 shares of the stock traded hands, compared to its average volume of 766,871. The firm has a 50-day simple moving average of $62.90 and a 200-day simple moving average of $63.79. Warrior Met Coal, Inc. has a 12-month low of $50.60 and a 12-month high of $75.53. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.66 billion, a P/E ratio of 9.66 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.40 by $0.40. The company had revenue of $327.72 million for the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. Warrior Met Coal's quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.85 EPS. As a group, analysts predict that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal's dividend payout ratio (DPR) is presently 4.42%.

Analysts Set New Price Targets

Several analysts have commented on the stock. B. Riley raised their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $75.75.

Warrior Met Coal Company 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.