Warrior Met Coal $HCC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in Warrior Met Coal (NYSE:HCC – Free Report) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,755,667 shares of the company’s stock after selling 28,252 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Warrior Met Coal worth $507,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Allianz Asset Management GmbH lifted its holdings in shares of Warrior Met Coal by 9.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after buying an additional 130,396 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Warrior Met Coal by 7.3% in the 3rd quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock valued at $52,095,000 after buying an additional 55,416 shares during the period. QV Investors Inc. acquired a new stake in shares of Warrior Met Coal in the 3rd quarter valued at approximately $10,549,000. Capital International Investors lifted its holdings in shares of Warrior Met Coal by 27.1% in the 3rd quarter. Capital International Investors now owns 852,403 shares of the company’s stock valued at $54,247,000 after buying an additional 181,975 shares during the period. Finally, Affinity Wealth Management LLC acquired a new stake in shares of Warrior Met Coal in the third quarter valued at about $2,167,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. UBS Group reduced their price objective on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Friday. Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Citigroup raised their price objective on shares of Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Jefferies Financial Group raised their price objective on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.80.

Read Our Latest Analysis on Warrior Met Coal

Warrior Met Coal Stock Performance

Shares of HCC opened at $84.14 on Tuesday. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. The stock has a market cap of $4.44 billion, a P/E ratio of 32.11 and a beta of 0.61. The company has a 50-day moving average of $88.04 and a two-hundred day moving average of $84.94. Warrior Met Coal has a 12-month low of $40.80 and a 12-month high of $105.35.

Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business’s revenue was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) EPS. As a group, research analysts predict that Warrior Met Coal will post 6.71 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 7th. Shareholders of record on Friday, May 1st will be given a dividend of $0.08 per share. The ex-dividend date is Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s payout ratio is presently 12.21%.

Warrior Met Coal Company Profile

(Free Report)

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.

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