Clearbridge Investments LLC Cuts Position in Warrior Met Coal, Inc. (NYSE:HCC)

Clearbridge Investments LLC trimmed its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 141,932 shares of the company's stock after selling 6,450 shares during the period. Clearbridge Investments LLC owned about 0.27% of Warrior Met Coal worth $7,698,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HCC. Graham Capital Wealth Management LLC lifted its position in shares of Warrior Met Coal by 0.6% in the fourth quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company's stock valued at $2,594,000 after acquiring an additional 273 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Warrior Met Coal by 2.6% in the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock valued at $577,000 after purchasing an additional 276 shares in the last quarter. HighTower Advisors LLC boosted its stake 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 purchasing an additional 314 shares during the last quarter. GAMMA Investing LLC grew its holdings 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. Finally, KBC Group NV raised its position in shares of Warrior Met Coal by 25.0% in the fourth quarter. KBC Group NV now owns 2,139 shares of the company's stock valued at $116,000 after buying an additional 428 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HCC. Jefferies Financial Group dropped their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Monday, January 6th. B. Riley dropped their price target 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. Finally, Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.00.

Warrior Met Coal Trading Up 0.4 %

Shares of NYSE HCC traded up $0.18 during midday trading on Monday, reaching $40.84. 1,446,616 shares of the stock were exchanged, compared to its average volume of 767,757. The stock has a market capitalization of $2.15 billion, a P/E ratio of 8.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. The company has a 50 day simple moving average of $49.36 and a 200 day simple moving average of $57.26. Warrior Met Coal, Inc. has a twelve month low of $38.00 and a twelve month high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The business had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. As a group, 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 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 was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. Warrior Met Coal's payout ratio is currently 6.68%.

Warrior Met Coal Company 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.