Principal Financial Group Inc. Lowers Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Principal Financial Group Inc. reduced its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 329,373 shares of the company’s stock after selling 8,244 shares during the quarter. Principal Financial Group Inc. owned approximately 0.63% of Warrior Met Coal worth $12,091,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of Warrior Met Coal by 2.9% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 13,019 shares of the company’s stock valued at $451,000 after purchasing an additional 370 shares during the period. Arizona State Retirement System boosted its stake in shares of Warrior Met Coal by 2.7% during the first quarter. Arizona State Retirement System now owns 14,966 shares of the company’s stock valued at $549,000 after purchasing an additional 391 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Warrior Met Coal by 2.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,469 shares of the company’s stock valued at $825,000 after purchasing an additional 519 shares during the period. State of Wyoming lifted its stake in Warrior Met Coal by 8.7% in the fourth quarter. State of Wyoming now owns 7,597 shares of the company’s stock worth $263,000 after acquiring an additional 605 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Warrior Met Coal by 6.1% in the third quarter. Envestnet Asset Management Inc. now owns 12,509 shares of the company’s stock worth $356,000 after acquiring an additional 722 shares during the period. 93.66% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Down 1.5 %

NYSE:HCC opened at $38.69 on Monday. Warrior Met Coal, Inc. has a 1-year low of $26.37 and a 1-year high of $44.82. The company has a 50-day moving average of $39.83 and a 200 day moving average of $37.69. The firm has a market cap of $2.01 billion, a PE ratio of 4.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 9.79 and a quick ratio of 8.68.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $2.02 by ($0.39). Warrior Met Coal had a return on equity of 31.67% and a net margin of 28.47%. The business had revenue of $379.66 million during the quarter, compared to analysts’ expectations of $407.47 million. During the same period last year, the company earned $5.87 earnings per share. The firm’s revenue was down 39.3% compared to the same quarter last year. As a group, research analysts anticipate that Warrior Met Coal, Inc. will post 8.49 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, August 4th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.14%.

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.