Warrior Met Coal (NYSE:HCC) Shares Down 3.3% – What’s Next?

Warrior Met Coal, Inc. (NYSE:HCC) fell 3.3% during mid-day trading on Wednesday . The company traded as low as $46.06 and last traded at $46.47. 166,348 shares were traded during trading, a decline of 81% from the average session volume of 869,086 shares. The stock had previously closed at $48.06.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Jefferies Financial Group lowered their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, B. Riley cut their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal Stock Down 3.7 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The company has a market capitalization of $2.43 billion, a PE ratio of 9.66 and a beta of 1.10. The business’s 50 day simple moving average is $50.31 and its 200 day simple moving average is $57.57.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The business had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. As a group, analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. Warrior Met Coal’s payout ratio is currently 6.68%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in Warrior Met Coal during the 4th quarter worth $43,000. GAMMA Investing LLC grew its position in shares of Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after buying an additional 279 shares during the period. Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after acquiring an additional 1,456 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.