PNC Financial Services Group Inc. Lowers Position in Warrior Met Coal (NYSE:HCC)

PNC Financial Services Group Inc. lessened its holdings in Warrior Met Coal (NYSE:HCC) by 12.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,822 shares of the company’s stock after selling 809 shares during the period. PNC Financial Services Group Inc.’s holdings in Warrior Met Coal were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HCC. Sterling Capital Management LLC raised its position 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 worth $89,000 after buying an additional 1,456 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Warrior Met Coal by 5,565.4% in the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock valued at $142,000 after acquiring an additional 2,894 shares during the last quarter. KBC Group NV increased its stake in Warrior Met Coal by 41.8% in the first quarter. KBC Group NV now owns 3,033 shares of the company’s stock valued at $145,000 after acquiring an additional 894 shares during the last quarter. FNY Investment Advisers LLC increased its stake in Warrior Met Coal by 325.0% in the first quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company’s stock valued at $162,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Significant Wealth Partners LLC increased its stake in Warrior Met Coal by 26.5% in the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company’s stock valued at $239,000 after acquiring an additional 1,049 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 2.8%

Shares of NYSE:HCC opened at $59.88 on Friday. The stock’s 50-day moving average price is $51.40 and its 200-day moving average price is $49.25. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $75.15. The stock has a market capitalization of $3.15 billion, a P/E ratio of 77.77 and a beta of 0.69. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.39. The firm had revenue of $297.52 million for the quarter, compared to analysts’ expectations of $285.63 million. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%. The company’s revenue for the quarter was down 25.0% compared to the same quarter last year. During the same period last year, the firm earned $1.35 earnings per share. On average, equities analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 8th. Warrior Met Coal’s dividend payout ratio is currently 41.56%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HCC shares. B. Riley reduced their target price on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. UBS Group reduced their target price on Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Finally, BMO Capital Markets set a $55.00 target price on Warrior Met Coal and gave the company a “market perform” rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.00.

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.