Mercuria Capital Strategies LLC Reduces Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Mercuria Capital Strategies LLC trimmed its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 26.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 114,014 shares of the company's stock after selling 40,000 shares during the quarter. Warrior Met Coal accounts for about 6.6% of Mercuria Capital Strategies LLC's holdings, making the stock its 3rd largest position. Mercuria Capital Strategies LLC owned about 0.22% of Warrior Met Coal worth $5,441,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV lifted its stake in Warrior Met Coal by 25.0% in the 4th quarter. KBC Group NV now owns 2,139 shares of the company's stock worth $116,000 after purchasing an additional 428 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Warrior Met Coal by 7.2% in the fourth quarter. Empowered Funds LLC now owns 231,227 shares of the company's stock worth $12,542,000 after purchasing an additional 15,560 shares during the period. Principal Financial Group Inc. raised its position in shares of Warrior Met Coal by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 311,937 shares of the company's stock worth $16,919,000 after buying an additional 13,629 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Warrior Met Coal by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock valued at $577,000 after buying an additional 276 shares during the period. Finally, Wolverine Asset Management LLC grew its position in Warrior Met Coal by 264.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company's stock worth $94,000 after buying an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Price Performance

HCC stock traded up $0.61 during mid-day trading on Wednesday, hitting $48.13. 600,188 shares of the stock were exchanged, compared to its average volume of 926,622. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.05 and a beta of 0.69. The business has a fifty day moving average price of $46.74 and a 200 day moving average price of $51.55. Warrior Met Coal, Inc. has a 12 month low of $38.00 and a 12 month high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly 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). The business had revenue of $299.94 million for the quarter, compared to the consensus estimate of $296.39 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The firm's revenue was down 40.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.63 earnings per share. On average, sell-side analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's dividend payout ratio is currently 15.92%.

Analysts Set New Price Targets

Several research firms have weighed in on HCC. UBS Group lowered their price target 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 decreased their price objective 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. Finally, Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th.

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.