Hosking Partners LLP Sells 4,592 Shares of Warrior Met Coal (NYSE:HCC)

Key Points

• Hosking Partners LLP reduced its holdings in Warrior Met Coal by 0.9%, owning approximately 0.99% of the company with a value of $24.8 million after selling 4,592 shares.
• Other institutional investors have increased their stakes, with Sterling Capital Management LLC and Farther Finance Advisors LLC significantly boosting their positions by 818.0% and 5,565.4%, respectively.
• Warrior Met Coal recently announced a quarterly dividend of $0.08 per share, with a dividend yield of 0.5%, and received mixed ratings from analysts with a consensus target price of $61.00.

Hosking Partners LLP lowered its holdings in Warrior Met Coal (NYSE:HCC - Free Report) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 520,241 shares of the company's stock after selling 4,592 shares during the quarter. Hosking Partners LLP owned about 0.99% of Warrior Met Coal worth $24,826,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HCC. Quadrant Capital Group LLC lifted its stake in shares of Warrior Met Coal by 31.0% during 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 period. Sterling Capital Management LLC increased its holdings in Warrior Met Coal by 818.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock valued at $89,000 after purchasing an additional 1,456 shares during the last quarter. Covestor Ltd increased its holdings in Warrior Met Coal by 46.6% in the fourth quarter. Covestor Ltd now owns 2,287 shares of the company's stock valued at $124,000 after purchasing an additional 727 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Warrior Met Coal by 5,565.4% in the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock worth $142,000 after acquiring an additional 2,894 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Warrior Met Coal by 41.8% in the first quarter. KBC Group NV now owns 3,033 shares of the company's stock worth $145,000 after acquiring an additional 894 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

Analysts Set New Price Targets

HCC has been the subject of several recent analyst reports. B. Riley lowered their price target on Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. UBS Group reduced 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. Finally, BMO Capital Markets upped their price objective on Warrior Met Coal from $50.00 to $55.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Warrior Met Coal has an average rating of "Hold" and an average price target of $61.00.

Warrior Met Coal Stock Down 1.0%

NYSE HCC traded down $0.63 during trading hours on Wednesday, hitting $63.20. 504,443 shares of the company traded hands, compared to its average volume of 1,006,213. The business's 50-day moving average is $50.53 and its 200-day moving average is $49.07. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 81.86 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%. The company had revenue of $297.52 million during the quarter, compared to analysts' expectations of $285.63 million. During the same period last year, the firm posted $1.35 earnings per share. The business's revenue was down 25.0% on a year-over-year basis. Sell-side analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Warrior Met Coal's dividend payout ratio (DPR) is 41.56%.

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.