Skylands Capital LLC Sells 25,950 Shares of Warrior Met Coal $HCC

Key Points

• Skylands Capital cut its stake in Warrior Met Coal by 66.2% in Q4, selling 25,950 shares and retaining 13,250 shares worth $1.168 million at quarter-end.
• Warrior Met missed Q4 earnings with EPS of $0.44 versus a $0.62 consensus while reporting revenue of $383.99 million, up 29.1% year-over-year.
• The company announced a quarterly dividend of $0.08 per share (annualized $0.32, 0.4% yield; ex-dividend May 1) and has seen multiple analyst price-target raises, leaving a MarketBeat average target of $103.40 and a "Moderate Buy" consensus.

Skylands Capital LLC reduced its stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) by 66.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,250 shares of the company's stock after selling 25,950 shares during the quarter. Skylands Capital LLC's holdings in Warrior Met Coal were worth $1,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HCC. Ares Financial Consulting LLC acquired a new stake in Warrior Met Coal in the 4th quarter worth $108,000. M&T Bank Corp acquired a new position in shares of Warrior Met Coal during the fourth quarter valued at about $324,000. Pictet Asset Management Holding SA raised its position in shares of Warrior Met Coal by 8.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,300 shares of the company's stock valued at $732,000 after buying an additional 667 shares during the last quarter. Legacy Capital Group California Inc. bought a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $250,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $349,000. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Trading Up 1.2%

HCC stock opened at $87.72 on Tuesday. Warrior Met Coal has a 1-year low of $40.80 and a 1-year high of $105.35. The firm has a market cap of $4.63 billion, a P/E ratio of 80.47 and a beta of 0.67. The business's 50 day moving average is $87.79 and its 200-day moving average is $84.43. The company has a current ratio of 3.19, a quick ratio of 2.27 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.18). The company had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.Warrior Met Coal's quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 EPS. Equities analysts anticipate that Warrior Met Coal will post 7.79 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 7th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, May 1st. Warrior Met Coal's dividend payout ratio is currently 29.36%.

Analysts Set New Price Targets

HCC has been the topic of several research reports. Citigroup boosted their price target on Warrior Met Coal from $80.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, March 18th. Wall Street Zen upgraded Warrior Met Coal from a "hold" rating to a "buy" rating in a research report on Sunday, February 15th. Jefferies Financial Group lifted their price objective on Warrior Met Coal from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Zacks Research upgraded Warrior Met Coal from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Finally, UBS Group raised their target price on Warrior Met Coal from $101.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of "Moderate Buy" and an average target price of $103.40.

Warrior Met Coal Company Profile

Warrior Met Coal NYSE: HCC is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama's Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal's product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.

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