Bank of New York Mellon Corp Sells 17,673 Shares of Warrior Met Coal (NYSE:HCC)

Bank of New York Mellon Corp decreased its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 3.7% in the 1st quarter, according to the company in its most recent 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 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of HCC. Proficio Capital Partners LLC acquired a new stake in shares of Warrior Met Coal during the 4th quarter worth approximately $677,000. Raymond James Financial Inc. acquired a new stake in shares of Warrior Met Coal during the 4th quarter worth approximately $4,554,000. HighTower Advisors LLC grew its position in shares of 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 buying an additional 314 shares during the period. Swiss National Bank lifted its holdings in shares of Warrior Met Coal by 0.8% in the 4th quarter. Swiss National Bank now owns 102,900 shares of the company's stock worth $5,581,000 after purchasing an additional 800 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Warrior Met Coal in the 4th quarter worth $263,000. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Stock Down 0.1%

Shares of HCC traded down $0.06 during trading hours on Friday, reaching $52.62. The stock had a trading volume of 778,944 shares, compared to its average volume of 843,833. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.15. The firm has a 50-day simple moving average of $47.21 and a 200 day simple moving average of $48.89. The company has a current ratio of 5.14, a quick ratio of 4.00 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 26.18 and a beta of 0.67.

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

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's dividend payout ratio (DPR) is presently 15.92%.

Analyst Ratings Changes

HCC has been the topic of a number of recent research reports. UBS Group cut their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. B. Riley cut their target price 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.

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.