Ameriprise Financial Inc. Trims Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Ameriprise Financial Inc. reduced its position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,681 shares of the company's stock after selling 11,532 shares during the period. Ameriprise Financial Inc. owned 0.23% of Warrior Met Coal worth $6,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Investment Advisors Inc. increased its position in Warrior Met Coal by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock worth $294,000 after purchasing an additional 260 shares during the last quarter. Graham Capital Wealth Management LLC lifted its holdings in 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 during the last quarter. Sanctuary Advisors LLC lifted its holdings in Warrior Met Coal by 2.6% in the fourth quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock valued at $577,000 after acquiring an additional 276 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after acquiring an additional 279 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Warrior Met Coal by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock valued at $319,000 after acquiring an additional 314 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Trading Down 2.6%

Shares of HCC traded down $1.24 during trading on Wednesday, reaching $47.04. 66,730 shares of the company traded hands, compared to its average volume of 808,937. Warrior Met Coal, Inc. has a twelve month low of $38.00 and a twelve month high of $75.53. The stock has a market cap of $2.47 billion, a PE ratio of 9.82 and a beta of 0.75. The stock has a 50-day simple moving average of $46.97 and a 200-day simple moving average of $53.07. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The business had revenue of $299.94 million during the quarter, compared to analyst estimates of $296.39 million. During the same quarter last year, the firm posted $2.63 EPS. The company's revenue for the quarter was down 40.4% on a year-over-year basis. On average, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's dividend payout ratio is currently 15.92%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HCC shares. B. Riley decreased their price objective on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Finally, UBS Group dropped their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th.

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.