Zurcher Kantonalbank Zurich Cantonalbank Sells 2,486 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 21.8% during the fourth quarter, HoldingsChannel reports. The firm owned 8,936 shares of the company’s stock after selling 2,486 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Warrior Met Coal were worth $545,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new position in shares of Warrior Met Coal in the 3rd quarter worth $224,000. Raymond James & Associates bought a new position in Warrior Met Coal in the third quarter valued at $433,000. Yorktown Management & Research Co Inc bought a new position in Warrior Met Coal in the third quarter valued at $383,000. Kendall Capital Management raised its position in Warrior Met Coal by 27.6% during the third quarter. Kendall Capital Management now owns 13,865 shares of the company’s stock valued at $708,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in Warrior Met Coal during the third quarter worth about $32,000. 92.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was bought at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the acquisition, the director now owns 30,270 shares in the company, valued at approximately $1,760,200.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. B. Riley reduced their price objective on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. UBS Group began coverage on shares of 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. Finally, Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Warrior Met Coal Trading Down 0.6 %

Shares of HCC stock opened at $67.94 on Thursday. The business has a 50-day moving average of $60.35 and a 200 day moving average of $58.34. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. Warrior Met Coal, Inc. has a 1-year low of $31.97 and a 1-year high of $71.91. The stock has a market capitalization of $3.55 billion, a PE ratio of 7.31 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC) last announced 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 during the quarter, compared to the consensus estimate of $393.04 million. During the same quarter in the previous year, the firm posted $1.90 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Warrior Met Coal, Inc. will post 6.83 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.48%.

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.