Price T Rowe Associates Inc. MD Sells 51,589 Shares of Warrior Met Coal $HCC

Key Points

• Price T Rowe Associates Inc. trimmed its holdings in Warrior Met Coal by 2.3%, still holding 2,208,019 shares worth approximately $105.37 million.
• Several large investors have increased their stakes in Warrior Met Coal, contributing to institutional ownership of 92.28% of the stock.
• Warrior Met Coal recently announced a $0.08 quarterly dividend, providing a yield of 0.5% and highlighting a payout ratio of 41.56%.

Price T Rowe Associates Inc. MD decreased its stake in Warrior Met Coal (NYSE:HCC - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,208,019 shares of the company's stock after selling 51,589 shares during the period. Price T Rowe Associates Inc. MD owned about 4.20% of Warrior Met Coal worth $105,368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of Warrior Met Coal by 14.6% during the first quarter. Covestor Ltd now owns 2,622 shares of the company's stock valued at $125,000 after acquiring an additional 335 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Warrior Met Coal by 5,565.4% during the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company's stock valued at $142,000 after acquiring an additional 2,894 shares during the last quarter. KBC Group NV raised its stake in shares of Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company's stock valued at $145,000 after acquiring an additional 894 shares during the last quarter. FNY Investment Advisers LLC raised its stake in shares of Warrior Met Coal by 325.0% during the first quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company's stock valued at $162,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Significant Wealth Partners LLC raised its stake in shares of Warrior Met Coal by 26.5% during the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company's stock valued at $239,000 after acquiring an additional 1,049 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HCC shares. UBS Group raised their price target on shares of Warrior Met Coal from $50.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. BMO Capital Markets set a $55.00 target price on shares of Warrior Met Coal and gave the stock a "market perform" rating in a research note on Thursday, August 7th. Finally, B. Riley lowered their target price on shares of Warrior Met Coal from $76.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.50.

Warrior Met Coal Stock Down 0.2%

NYSE:HCC traded down $0.10 during trading hours on Thursday, reaching $58.87. The company had a trading volume of 429,226 shares, compared to its average volume of 957,078. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 76.46 and a beta of 0.69. The business's 50-day simple moving average is $53.46 and its two-hundred day simple moving average is $49.63. Warrior Met Coal has a twelve month low of $38.00 and a twelve month high of $75.15.

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

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 8th. This represents a $0.32 annualized dividend and a yield of 0.5%. Warrior Met Coal's payout ratio is 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.