Mercuria Capital Strategies LLC cut its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 26.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,014 shares of the company's stock after selling 40,000 shares during the period. Warrior Met Coal accounts for 6.6% of Mercuria Capital Strategies LLC's portfolio, making the stock its 3rd largest holding. Mercuria Capital Strategies LLC owned 0.22% of Warrior Met Coal worth $5,441,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after purchasing an additional 279 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock valued at $75,000 after purchasing an additional 1,040 shares during the period. Sterling Capital Management LLC raised its position in shares of Warrior Met Coal by 818.0% during the 4th 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 period. Wolverine Asset Management LLC raised its position in shares of Warrior Met Coal by 264.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company's stock valued at $94,000 after purchasing an additional 2,800 shares during the period. Finally, KBC Group NV raised its position in shares of Warrior Met Coal by 25.0% during the 4th quarter. KBC Group NV now owns 2,139 shares of the company's stock valued at $116,000 after purchasing an additional 428 shares during the period. 92.28% of the stock is currently owned by institutional investors.
Warrior Met Coal Stock Performance
HCC opened at $47.50 on Friday. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 9.92 and a beta of 0.69. The company has a fifty day moving average of $46.64 and a 200 day moving average of $51.88. Warrior Met Coal, Inc. has a fifty-two week low of $38.00 and a fifty-two week high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20.
Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 12.56% and a net margin of 16.43%. The business had revenue of $299.94 million during the quarter, compared to analysts' expectations of $296.39 million. During the same period in the previous year, the business earned $2.63 earnings per share. The business's quarterly revenue was down 40.4% on a year-over-year basis. As a group, sell-side analysts forecast that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.
Warrior Met Coal Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were paid a $0.08 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.67%. Warrior Met Coal's payout ratio is currently 15.92%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. 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. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, UBS Group cut their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th.
Check Out Our Latest Stock Report on Warrior Met Coal
About Warrior Met Coal
(
Free Report)
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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