Raymond James Financial Services Advisors Inc. Sells 636 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Raymond James Financial Services Advisors Inc. lessened its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,150 shares of the company’s stock after selling 636 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Warrior Met Coal were worth $1,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Warrior Met Coal by 0.9% in the third quarter. Vanguard Group Inc. now owns 7,023,009 shares of the company’s stock valued at $199,734,000 after purchasing an additional 63,814 shares during the last quarter. KGH Ltd increased its holdings in Warrior Met Coal by 11.2% in the third quarter. KGH Ltd now owns 2,590,000 shares of the company’s stock valued at $132,297,000 after purchasing an additional 260,091 shares during the last quarter. FMR LLC increased its holdings in Warrior Met Coal by 1.0% in the third quarter. FMR LLC now owns 2,325,535 shares of the company’s stock valued at $118,788,000 after purchasing an additional 22,730 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Warrior Met Coal by 74.7% in the first quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock valued at $78,873,000 after purchasing an additional 909,000 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Warrior Met Coal by 0.4% in the third quarter. State Street Corp now owns 1,901,231 shares of the company’s stock worth $54,071,000 after acquiring an additional 6,976 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Trading Down 1.0 %

NYSE HCC opened at $62.51 on Friday. The firm has a market cap of $3.27 billion, a P/E ratio of 6.79 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. The stock’s 50-day moving average is $58.42 and its 200-day moving average is $56.85. Warrior Met Coal, Inc. has a one year low of $31.97 and a one year high of $69.97.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The firm had revenue of $363.80 million during the quarter, compared to analyst estimates of $393.04 million. During the same period in the prior year, the business posted $1.90 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Warrior Met Coal, Inc. will post 8.41 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a None dividend, which was paid on Thursday, March 7th. Investors of record on Friday, March 1st were given a $0.50 dividend. The ex-dividend date was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio is presently 3.48%.

Analyst Ratings Changes

A number of research firms have recently commented on HCC. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $60.00 to $75.00 in a research report on Thursday. UBS Group began coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.60.

Insider Activity at Warrior Met Coal

In other news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were acquired at an average price of $58.15 per share, with a total value of $116,300.00. Following the transaction, the director now owns 30,270 shares in the company, valued at $1,760,200.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

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.