Rhumbline Advisers Sells 9,376 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Rhumbline Advisers cut its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,418 shares of the company's stock after selling 9,376 shares during the quarter. Rhumbline Advisers owned about 0.28% of Warrior Met Coal worth $6,939,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after buying an additional 279 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Warrior Met Coal by 304.1% in the fourth 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 last quarter. Sterling Capital Management LLC boosted its position in Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock worth $89,000 after buying an additional 1,456 shares during the period. Wolverine Asset Management LLC grew its stake in shares of Warrior Met Coal by 264.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company's stock worth $94,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Warrior Met Coal by 46.6% in the 4th quarter. Covestor Ltd now owns 2,287 shares of the company's stock valued at $124,000 after buying an additional 727 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

Shares of NYSE HCC traded down $1.10 during mid-day trading on Thursday, reaching $47.06. 522,668 shares of the company's stock were exchanged, compared to its average volume of 819,337. Warrior Met Coal, Inc. has a 52 week low of $38.00 and a 52 week high of $75.53. The firm has a 50-day moving average price of $46.89 and a two-hundred day moving average price of $51.53. 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 firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 9.82 and a beta of 0.69.

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 the consensus estimate of ($0.05) by ($0.11). The firm had revenue of $299.94 million during 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 business's quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.63 earnings per share. Analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's payout ratio is currently 15.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. B. Riley reduced 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 note on Friday, April 11th. UBS Group lowered their price objective on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Benchmark restated a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th.

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.