Brandywine Global Investment Management LLC Cuts Stake in Warrior Met Coal (NYSE:HCC)

Key Points

• Brandywine Global Investment Management LLC has reduced its stake in Warrior Met Coal (NYSE:HCC) by 3.7%, now holding approximately 0.33% of the company worth $8.19 million.
• Warrior Met Coal's last quarterly earnings showed a beat of estimates with an EPS of $0.11 compared to expectations of ($0.28), despite a 25% decline in revenue year over year.
• The company recently declared a quarterly dividend of $0.08 per share, resulting in an annualized yield of 0.5%.

Brandywine Global Investment Management LLC reduced its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,567 shares of the company's stock after selling 6,600 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.33% of Warrior Met Coal worth $8,187,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HCC. LPL Financial LLC grew its stake in shares of Warrior Met Coal by 22.5% in the fourth quarter. LPL Financial LLC now owns 6,654 shares of the company's stock worth $361,000 after acquiring an additional 1,221 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Warrior Met Coal by 25.5% in the fourth quarter. Wells Fargo & Company MN now owns 32,919 shares of the company's stock worth $1,786,000 after acquiring an additional 6,688 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Warrior Met Coal by 146.0% in the fourth quarter. Bank of Montreal Can now owns 15,932 shares of the company's stock worth $864,000 after acquiring an additional 9,456 shares during the last quarter. Invesco Ltd. grew its stake in shares of Warrior Met Coal by 14.6% in the fourth quarter. Invesco Ltd. now owns 414,648 shares of the company's stock worth $22,491,000 after acquiring an additional 52,937 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Warrior Met Coal in the fourth quarter worth $4,554,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on HCC. B. Riley cut their target price on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. UBS Group dropped their price objective on 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. Finally, BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the company a "market perform" rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $61.00.

Warrior Met Coal Trading Down 2.8%

Warrior Met Coal stock opened at $59.88 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The stock has a market capitalization of $3.15 billion, a PE ratio of 77.77 and a beta of 0.69. The business's fifty day moving average is $51.40 and its 200 day moving average is $49.25.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.28) by $0.39. The company had revenue of $297.52 million for the quarter, compared to analysts' expectations of $285.63 million. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%. Warrior Met Coal's revenue was down 25.0% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. 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 company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 8th. Warrior Met Coal's dividend payout ratio (DPR) is presently 41.56%.

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.

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