Russell Investments Group Ltd. Sells 15,596 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Russell Investments Group Ltd. cut its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,111 shares of the company’s stock after selling 15,596 shares during the period. Russell Investments Group Ltd.’s holdings in Warrior Met Coal were worth $6,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Millburn Ridgefield Corp bought a new position in Warrior Met Coal in the 3rd quarter worth $32,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Warrior Met Coal in the fourth quarter worth about $38,000. Schneider Downs Wealth Management Advisors LP purchased a new position in shares of Warrior Met Coal during the 3rd quarter valued at about $204,000. Kingsview Wealth Management LLC bought a new position in shares of Warrior Met Coal during the 3rd quarter valued at approximately $208,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Warrior Met Coal in the 3rd quarter worth approximately $224,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 1.9 %

HCC opened at $64.84 on Thursday. The company has a market capitalization of $3.39 billion, a PE ratio of 7.80 and a beta of 1.05. The firm has a 50-day simple moving average of $61.30 and a two-hundred day simple moving average of $59.01. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. Warrior Met Coal, Inc. has a 52 week low of $31.97 and a 52 week high of $71.91.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.61. The company had revenue of $503.50 million during the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.57 earnings per share. Analysts forecast that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors 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 dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Analysts Set New Price Targets

HCC has been the topic of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Thursday, May 2nd. UBS Group started coverage on shares of Warrior Met Coal in a report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price for the company. B. Riley raised their price target on Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Finally, BMO Capital Markets increased their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average price target of $72.80.

Insider Buying and Selling

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

Warrior Met Coal Company 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.