Arizona State Retirement System Sells 260 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Arizona State Retirement System lowered its position in Warrior Met Coal, Inc. (NYSE:HCC) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,542 shares of the company’s stock after selling 260 shares during the quarter. Arizona State Retirement System’s holdings in Warrior Met Coal were worth $887,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Warrior Met Coal by 0.9% during the 3rd 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 period. KGH Ltd grew its position in shares of Warrior Met Coal by 11.2% during the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company’s stock worth $132,297,000 after buying an additional 260,091 shares during the period. FMR LLC grew its position in shares of Warrior Met Coal by 1.0% during the 3rd quarter. FMR LLC now owns 2,325,535 shares of the company’s stock worth $118,788,000 after buying an additional 22,730 shares during the period. Renaissance Technologies LLC grew its position in shares of Warrior Met Coal by 74.7% during the 1st quarter. Renaissance Technologies LLC now owns 2,125,379 shares of the company’s stock worth $78,873,000 after buying an additional 909,000 shares during the period. Finally, State Street Corp grew its position in shares of Warrior Met Coal by 0.4% during the 3rd quarter. State Street Corp now owns 1,901,231 shares of the company’s stock worth $54,071,000 after buying an additional 6,976 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HCC shares. Citigroup upgraded Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. UBS Group started coverage on Warrior Met Coal in a report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price on the stock. Finally, B. Riley cut their target price on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Monday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the purchase, the director now directly owns 30,270 shares of the company’s stock, valued at approximately $1,760,200.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $68.19 on Wednesday. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $58.63 and its two-hundred day simple moving average is $57.10. Warrior Met Coal, Inc. has a 1-year low of $31.97 and a 1-year high of $69.97. The stock has a market cap of $3.57 billion, a PE ratio of 7.41 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $363.80 million for the quarter, compared to the consensus estimate of $393.04 million. During the same quarter last year, the business posted $1.90 earnings per share. Warrior Met Coal’s revenue was up 5.5% on a year-over-year basis. As a group, analysts forecast that Warrior Met Coal, Inc. will post 8.41 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.48%.

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.