Warrior Met Coal (NYSE:HCC) Shares Down 2.2% - Here's What Happened

Shares of Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) fell 2.2% on Tuesday . The company traded as low as $46.40 and last traded at $46.73. 66,360 shares changed hands during trading, a decline of 91% from the average session volume of 779,471 shares. The stock had previously closed at $47.80.

Analysts Set New Price Targets

A number of equities research analysts have commented on HCC shares. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. B. Riley cut their target price on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Jefferies Financial Group decreased 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 note on Monday, January 6th.

Warrior Met Coal Stock Down 2.6 %

The company has a market cap of $2.57 billion, a P/E ratio of 10.20 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The stock has a fifty day moving average price of $47.66 and a two-hundred day moving average price of $55.86.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted 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). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The firm had revenue of $297.47 million for the quarter, compared to analysts' expectations of $331.70 million. On average, research analysts expect that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, May 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.65%. Warrior Met Coal's dividend payout ratio is currently 6.68%.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors have recently modified their holdings of HCC. FNY Investment Advisers LLC bought a new stake in shares of Warrior Met Coal during the 4th quarter worth $43,000. GAMMA Investing LLC grew its position in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company's stock valued at $54,000 after acquiring an additional 358 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after purchasing an additional 279 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock worth $75,000 after purchasing an additional 1,040 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Warrior Met Coal by 818.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after purchasing an additional 1,456 shares during the period. 92.28% of the stock is owned by institutional investors.

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.