Federated Hermes Inc. Sells 70,115 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Federated Hermes Inc. decreased its position in Warrior Met Coal, Inc. (NYSE:HCC) by 26.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 193,039 shares of the company’s stock after selling 70,115 shares during the quarter. Federated Hermes Inc.’s holdings in Warrior Met Coal were worth $11,770,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HCC. O Keefe Stevens Advisory Inc. lifted its holdings in Warrior Met Coal by 1.1% in the third quarter. O Keefe Stevens Advisory Inc. now owns 260,575 shares of the company’s stock valued at $13,310,000 after acquiring an additional 2,799 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in Warrior Met Coal in the third quarter valued at about $224,000. Raymond James & Associates bought a new position in Warrior Met Coal in the third quarter valued at about $433,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Warrior Met Coal by 27.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,422 shares of the company’s stock valued at $583,000 after acquiring an additional 2,428 shares during the period. Finally, Yorktown Management & Research Co Inc bought a new position in Warrior Met Coal in the third quarter valued at about $383,000. Institutional investors own 92.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. B. Riley decreased their price objective on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. UBS Group assumed coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price objective on the stock. Finally, Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Warrior Met Coal Stock Down 2.3 %

Shares of HCC opened at $65.58 on Wednesday. The business’s 50 day moving average is $59.26 and its 200 day moving average is $57.68. The company has a market capitalization of $3.43 billion, a PE ratio of 7.13 and a beta of 1.09. Warrior Met Coal, Inc. has a 12-month low of $31.97 and a 12-month high of $69.97. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.67). The business had revenue of $363.80 million for the quarter, compared to the consensus estimate of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $1.90 EPS. Research analysts expect that Warrior Met Coal, Inc. will post 6.83 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a None dividend, which was paid on Thursday, March 7th. Investors 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%.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of $58.15 per share, with a total value of $116,300.00. Following the purchase, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.

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.