Warrior Met Coal (NYSE:HCC) Trading Down 3.3% - Here's Why

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) fell 3.3% during trading on Wednesday . The company traded as low as $46.06 and last traded at $46.47. 166,348 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 869,086 shares. The stock had previously closed at $48.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HCC shares. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. B. Riley dropped their price objective on shares of Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group cut their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.00.

Warrior Met Coal Stock Up 0.4 %

The company has a market cap of $2.15 billion, a P/E ratio of 8.53 and a beta of 0.80. The stock has a 50-day moving average of $49.60 and a 200 day moving average of $57.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. Research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a $0.08 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. Warrior Met Coal's dividend payout ratio (DPR) is 6.68%.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. River Road Asset Management LLC raised its holdings in shares of Warrior Met Coal by 2.1% during the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company's stock worth $48,186,000 after buying an additional 18,031 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 acquiring an additional 13,650 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Warrior Met Coal by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company's stock valued at $42,904,000 after purchasing an additional 83,331 shares in the last quarter. Hosking Partners LLP grew its holdings in shares of Warrior Met Coal by 9.6% during the 4th quarter. Hosking Partners LLP now owns 524,833 shares of the company's stock valued at $28,467,000 after purchasing an additional 45,868 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Warrior Met Coal during the 4th quarter worth approximately $1,300,000. 92.28% of the stock is currently owned by institutional investors.

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.