Warrior Met Coal, Inc. (NYSE:HCC) Holdings Lowered by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 8.7% in the 4th quarter, HoldingsChannel reports. The fund owned 27,841 shares of the company’s stock after selling 2,664 shares during the period. New York State Common Retirement Fund’s holdings in Warrior Met Coal were worth $1,697,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in Warrior Met Coal during the 4th quarter valued at $44,388,000. KGH Ltd grew its stake in shares of Warrior Met Coal by 11.2% in the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company’s stock worth $132,297,000 after purchasing an additional 260,091 shares during the last quarter. UBS Group AG raised its holdings in shares of Warrior Met Coal by 154.8% in the 3rd quarter. UBS Group AG now owns 192,239 shares of the company’s stock worth $9,820,000 after purchasing an additional 116,781 shares in the last quarter. American Century Companies Inc. lifted its stake in Warrior Met Coal by 10.7% during the third quarter. American Century Companies Inc. now owns 961,388 shares of the company’s stock valued at $49,108,000 after purchasing an additional 92,941 shares during the last quarter. Finally, Barclays PLC grew its position in Warrior Met Coal by 237.9% in the third quarter. Barclays PLC now owns 117,295 shares of the company’s stock worth $5,992,000 after buying an additional 82,578 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Trading Down 1.9 %

NYSE:HCC opened at $64.84 on Thursday. The stock has a market cap of $3.39 billion, a PE ratio of 7.80 and a beta of 1.05. Warrior Met Coal, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $71.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85. The stock’s 50-day moving average is $61.30 and its two-hundred day moving average is $59.01.

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

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be paid 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%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Warrior Met Coal

In other news, Director Alan H. Schumacher bought 2,000 shares of the stock in a transaction on Friday, February 23rd. The shares were purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of 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 filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company 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.