Exchange Traded Concepts LLC Sells 9,196 Shares of Warrior Met Coal (NYSE:HCC)

Exchange Traded Concepts LLC cut its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,718 shares of the company's stock after selling 9,196 shares during the period. Exchange Traded Concepts LLC's holdings in Warrior Met Coal were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in shares of Warrior Met Coal by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,259,608 shares of the company's stock worth $122,563,000 after acquiring an additional 117,717 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Warrior Met Coal by 272.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock worth $108,171,000 after acquiring an additional 1,458,279 shares in the last quarter. American Century Companies Inc. raised its position in shares of Warrior Met Coal by 7.1% in the 4th quarter. American Century Companies Inc. now owns 1,748,274 shares of the company's stock worth $94,826,000 after acquiring an additional 115,675 shares in the last quarter. Dalal Street LLC raised its position in shares of Warrior Met Coal by 144.1% in the 4th quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock worth $92,461,000 after acquiring an additional 1,006,263 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of Warrior Met Coal by 10.1% in the 4th quarter. Allianz Asset Management GmbH now owns 1,378,645 shares of the company's stock worth $74,778,000 after acquiring an additional 126,911 shares in the last quarter. 92.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group lowered their price objective on 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. B. Riley decreased their target price on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a research report on Friday, April 11th.

Warrior Met Coal Stock Down 8.1%

Warrior Met Coal stock traded down $3.80 during midday trading on Friday, reaching $43.21. The stock had a trading volume of 2,536,756 shares, compared to its average volume of 819,543. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $75.53. The company has a market capitalization of $2.27 billion, a P/E ratio of 21.50 and a beta of 0.69. The company has a fifty day moving average price of $47.21 and a two-hundred day moving average price of $50.27. The company has a current ratio of 5.14, a quick ratio of 4.00 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $299.94 million during the quarter, compared to the consensus estimate of $296.39 million. During the same period in the previous year, the firm earned $2.63 earnings per share. The business's quarterly revenue was down 40.4% on a year-over-year basis. As a group, equities analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Monday, May 5th. Warrior Met Coal's payout ratio is 15.92%.

About Warrior Met Coal

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.