Bank of New York Mellon Corp Has $22.15 Million Holdings in Warrior Met Coal (NYSE:HCC)

Bank of New York Mellon Corp reduced its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 464,144 shares of the company's stock after selling 17,673 shares during the quarter. Bank of New York Mellon Corp owned about 0.88% of Warrior Met Coal worth $22,149,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Warrior Met Coal by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 322,545 shares of the company's stock worth $15,392,000 after purchasing an additional 10,608 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter worth approximately $334,000. D. E. Shaw & Co. Inc. grew its position in shares of Warrior Met Coal by 14.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company's stock worth $3,193,000 after purchasing an additional 7,426 shares in the last quarter. Forest Avenue Capital Management LP grew its position in shares of Warrior Met Coal by 32.5% during the 4th quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company's stock worth $29,571,000 after purchasing an additional 133,642 shares in the last quarter. Finally, Skylands Capital LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter worth approximately $1,312,000. 92.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on HCC shares. UBS Group decreased their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. B. Riley reduced their price target on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, April 11th.

Warrior Met Coal Price Performance

Shares of NYSE HCC traded up $1.83 during trading hours on Monday, hitting $54.38. 1,114,603 shares of the stock were exchanged, compared to its average volume of 847,020. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.00 and a current ratio of 5.14. The company has a market cap of $2.86 billion, a PE ratio of 27.05 and a beta of 0.67. The company's fifty day simple moving average is $47.36 and its two-hundred day simple moving average is $48.80. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $75.15.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a return on equity of 5.41% and a net margin of 7.98%. The firm had revenue of $299.94 million for the quarter, compared to analyst estimates of $296.39 million. During the same quarter in the prior year, the business posted $2.63 EPS. The business's revenue was down 40.4% on a year-over-year basis. On average, sell-side analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given a $0.08 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.59%. Warrior Met Coal's dividend payout ratio is currently 15.92%.

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.