Warrior Met Coal, Inc. (NYSE:HCC) Shares Sold by Credit Suisse AG

Credit Suisse AG reduced its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 49,699 shares of the company’s stock after selling 470 shares during the quarter. Credit Suisse AG owned 0.10% of Warrior Met Coal worth $1,824,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Point72 Middle East FZE acquired a new position in Warrior Met Coal during the fourth quarter worth $45,000. Point72 Hong Kong Ltd lifted its stake in Warrior Met Coal by 4,220.4% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock worth $65,000 after acquiring an additional 2,068 shares in the last quarter. Captrust Financial Advisors lifted its stake in Warrior Met Coal by 86.8% during the 1st quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock worth $143,000 after acquiring an additional 1,795 shares in the last quarter. Covestor Ltd boosted its holdings in Warrior Met Coal by 23,505.9% during the 1st quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after acquiring an additional 3,996 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Warrior Met Coal in the 4th quarter valued at about $157,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Warrior Met Coal Stock Up 0.8 %

Shares of HCC opened at $41.57 on Wednesday. The company’s 50-day simple moving average is $40.17 and its 200-day simple moving average is $37.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 8.68 and a current ratio of 9.79. Warrior Met Coal, Inc. has a 1 year low of $26.37 and a 1 year high of $44.82. The stock has a market capitalization of $2.16 billion, a PE ratio of 4.66 and a beta of 1.12.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 2nd. The company reported $1.63 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $407.47 million. During the same quarter last year, the company earned $5.87 earnings per share. Warrior Met Coal’s quarterly revenue was down 39.3% compared to the same quarter last year. Analysts forecast that Warrior Met Coal, Inc. will post 8.49 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a dividend of $0.07 per share. The ex-dividend date was Friday, August 4th. This represents a $0.28 annualized dividend and a yield of 0.67%. Warrior Met Coal’s payout ratio is 3.14%.

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.