Warrior Met Coal (NYSE:HCC) Trading Down 2.9% - Should You Sell?

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report)'s share price fell 2.9% during trading on Wednesday . The company traded as low as $48.23 and last traded at $48.09. 100,258 shares were traded during mid-day trading, a decline of 88% from the average session volume of 847,205 shares. The stock had previously closed at $49.53.

Wall Street Analysts Forecast Growth

HCC has been the subject of several recent analyst reports. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. Jefferies Financial Group reduced 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 research report on Monday, January 6th. Finally, B. Riley dropped their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.00.

Warrior Met Coal Trading Down 1.0 %

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 company's 50-day moving average price is $51.18 and its 200-day moving average price is $57.78. The firm has a market capitalization of $2.45 billion, a PE ratio of 9.74 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $297.47 million for the quarter, compared to analysts' expectations of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. On average, sell-side analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

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Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal's dividend payout ratio (DPR) is 6.68%.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently made changes to their positions in HCC. Summit Investment Advisors Inc. increased its holdings in shares of Warrior Met Coal by 5.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock valued at $294,000 after purchasing an additional 260 shares during the period. Graham Capital Wealth Management LLC increased its holdings in shares of Warrior Met Coal by 0.6% in the 4th quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company's stock valued at $2,594,000 after purchasing an additional 273 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Warrior Met Coal by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock valued at $577,000 after acquiring an additional 276 shares during the period. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 31.0% during the fourth 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. Finally, HighTower Advisors LLC boosted its position in shares of Warrior Met Coal by 5.6% in the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock worth $319,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

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.