Bridgewater Associates LP lowered its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 75.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,004 shares of the company's stock after selling 97,737 shares during the period. Bridgewater Associates LP owned approximately 0.06% of Warrior Met Coal worth $1,736,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Summit Investment Advisors Inc. grew its stake in shares of Warrior Met Coal by 5.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock valued at $294,000 after purchasing an additional 260 shares during the period. Graham Capital Wealth Management LLC grew its position in Warrior Met Coal by 0.6% during the 4th quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company's stock worth $2,594,000 after acquiring an additional 273 shares during the last quarter. Sanctuary Advisors LLC grew its position in Warrior Met Coal by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock worth $577,000 after acquiring an additional 276 shares during the last quarter. Quadrant Capital Group LLC grew its position in Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after acquiring an additional 279 shares during the last quarter. Finally, HighTower Advisors LLC grew its position in Warrior Met Coal by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock worth $319,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.
Warrior Met Coal Stock Up 1.4 %
NYSE:HCC traded up $0.71 during trading hours on Thursday, reaching $50.02. 126,113 shares of the stock were exchanged, compared to its average volume of 944,211. The stock has a market cap of $2.63 billion, a PE ratio of 10.44 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. Warrior Met Coal, Inc. has a twelve month low of $38.00 and a twelve month high of $75.53. The firm has a 50 day moving average of $47.65 and a 200 day moving average of $55.95.
Warrior Met Coal (NYSE:HCC - Get Free Report) last posted 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 business had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. On average, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. Warrior Met Coal's dividend payout ratio is currently 6.68%.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Jefferies Financial Group dropped their price objective on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a report on Monday, January 6th. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, B. Riley lowered their price target on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, April 11th.
Check Out Our Latest Analysis on Warrior Met Coal
Warrior Met Coal Company Profile
(
Free Report)
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.
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