Rhumbline Advisers Decreases Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Rhumbline Advisers cut its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 6.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 145,418 shares of the company’s stock after selling 9,376 shares during the quarter. Rhumbline Advisers owned about 0.28% of Warrior Met Coal worth $6,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after buying an additional 279 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Warrior Met Coal by 304.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after purchasing an additional 1,040 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Warrior Met Coal by 818.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock valued at $89,000 after purchasing an additional 1,456 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of Warrior Met Coal by 264.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock valued at $94,000 after purchasing an additional 2,800 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Warrior Met Coal by 46.6% in the fourth quarter. Covestor Ltd now owns 2,287 shares of the company’s stock valued at $124,000 after purchasing an additional 727 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HCC. UBS Group cut their price objective on Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. B. Riley cut their price objective on Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th.

Warrior Met Coal Stock Up 1.3%

Warrior Met Coal stock opened at $48.13 on Thursday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 10.05 and a beta of 0.69. Warrior Met Coal, Inc. has a 52 week low of $38.00 and a 52 week high of $75.53. The business’s 50-day moving average price is $46.89 and its 200 day moving average price is $51.53. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The company had revenue of $299.94 million for the quarter, compared to analyst estimates of $296.39 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The firm’s revenue was down 40.4% on a year-over-year basis. During the same period last year, the business earned $2.63 earnings per share. As a group, sell-side analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. Warrior Met Coal’s dividend payout ratio is currently 15.92%.

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.