ProShare Advisors LLC Cuts Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

ProShare Advisors LLC lowered its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,634 shares of the company's stock after selling 6,018 shares during the quarter. ProShare Advisors LLC's holdings in Warrior Met Coal were worth $848,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. grew its stake in Warrior Met Coal by 5.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company's stock worth $294,000 after buying an additional 260 shares during the last quarter. Graham Capital Wealth Management LLC lifted its position in Warrior Met Coal by 0.6% during the 4th quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company's stock worth $2,594,000 after acquiring an additional 273 shares during the period. Sanctuary Advisors LLC lifted its position in Warrior Met Coal by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company's stock worth $577,000 after acquiring an additional 276 shares during the period. Quadrant Capital Group LLC lifted its position in Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after acquiring an additional 279 shares during the period. Finally, HighTower Advisors LLC lifted its position in Warrior Met Coal by 5.6% during the 4th quarter. HighTower Advisors LLC now owns 5,878 shares of the company's stock worth $319,000 after acquiring an additional 314 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HCC shares. B. Riley decreased their price objective 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. UBS Group decreased 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, Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th.

Warrior Met Coal Stock Performance

Warrior Met Coal stock traded down $1.48 during mid-day trading on Wednesday, reaching $46.80. 512,209 shares of the company were exchanged, compared to its average volume of 810,784. The firm has a market cap of $2.46 billion, a PE ratio of 9.80 and a beta of 0.75. The firm's 50-day simple moving average is $46.97 and its two-hundred day simple moving average is $53.07. Warrior Met Coal, Inc. has a twelve month low of $38.00 and a twelve month 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 earnings results on Wednesday, April 30th. The company reported ($0.16) earnings per share (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 analysts' expectations of $296.39 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The business's quarterly revenue was down 40.4% on a year-over-year basis. During the same period last year, the company posted $2.63 earnings per share. Equities analysts predict 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 announced a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, May 5th. Warrior Met Coal's dividend payout ratio (DPR) is 15.92%.

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.