Meixler Investment Management Ltd. Sells 7,760 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Meixler Investment Management Ltd. decreased its position in Warrior Met Coal, Inc. (NYSE:HCC) by 20.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,755 shares of the company’s stock after selling 7,760 shares during the quarter. Warrior Met Coal accounts for 1.2% of Meixler Investment Management Ltd.’s portfolio, making the stock its 15th largest position. Meixler Investment Management Ltd. owned about 0.06% of Warrior Met Coal worth $1,614,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in Warrior Met Coal by 7.2% in the 4th quarter. Empowered Funds LLC now owns 231,227 shares of the company’s stock worth $12,542,000 after buying an additional 15,560 shares during the last quarter. Graham Capital Wealth Management LLC increased its stake in Warrior Met Coal by 0.6% in the 4th quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company’s stock worth $2,594,000 after purchasing an additional 273 shares during the period. Financial Strategies Group Inc. increased its stake in Warrior Met Coal by 26.0% in the 4th quarter. Financial Strategies Group Inc. now owns 14,241 shares of the company’s stock worth $718,000 after purchasing an additional 2,935 shares during the period. BTC Capital Management Inc. increased its stake in Warrior Met Coal by 10.5% in the 4th quarter. BTC Capital Management Inc. now owns 9,606 shares of the company’s stock worth $521,000 after purchasing an additional 915 shares during the period. Finally, KBC Group NV increased its stake in Warrior Met Coal by 25.0% in the 4th quarter. KBC Group NV now owns 2,139 shares of the company’s stock worth $116,000 after purchasing an additional 428 shares during the period. Institutional investors own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HCC. B. Riley lifted their price target on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Friday. Finally, Jefferies Financial Group decreased their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Warrior Met Coal Stock Down 8.1 %

Shares of Warrior Met Coal stock opened at $49.69 on Friday. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $55.04 and its two-hundred day simple moving average is $59.82. The company has a market cap of $2.60 billion, a P/E ratio of 6.86 and a beta of 1.07. Warrior Met Coal, Inc. has a 12-month low of $49.33 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The company had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $331.70 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. Research analysts anticipate that Warrior Met Coal, Inc. will post 5.3 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

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.