New York Life Investment Management LLC Sells 240 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

New York Life Investment Management LLC lowered its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,444 shares of the company’s stock after selling 240 shares during the quarter. New York Life Investment Management LLC’s holdings in Warrior Met Coal were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

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

Warrior Met Coal Stock Up 1.7 %

Shares of NYSE:HCC opened at $65.93 on Friday. The firm has a fifty day moving average price of $61.48 and a two-hundred day moving average price of $59.06. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 7.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85. Warrior Met Coal, Inc. has a one year low of $31.97 and a one year high of $71.91.

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

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, May 3rd. Warrior Met Coal’s payout ratio is 3.85%.

Insider Buying and Selling

In related news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average cost 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 in the company, valued at approximately $1,760,200.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.