Warrior Met Coal $HCC Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. trimmed its stake in Warrior Met Coal (NYSE: HCC) by 0.5% in Q4, selling 28,252 shares and now holds 5,755,667 shares — about 10.95% of the company valued at roughly $507.5 million.
• Analysts have grown more bullish: Jefferies raised its price target to $120 and Citigroup to $100, Wall Street Zen upgraded to a "buy," and the consensus rating is a Moderate Buy with an average price target of $102.80.
• Warrior Met reported quarterly EPS of $1.37 (missing estimates by $0.04) and revenue of $458.6M (also slightly below estimates) but revenue was up 52.9% year-over-year; the company announced a quarterly dividend of $0.08 ($0.32 annualized, 0.4% yield; ex-dividend May 1, payable May 7).

Vanguard Group Inc. reduced its position in Warrior Met Coal (NYSE:HCC - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,755,667 shares of the company's stock after selling 28,252 shares during the period. Vanguard Group Inc. owned about 10.95% of Warrior Met Coal worth $507,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Warrior Met Coal by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company's stock valued at $1,473,000 after purchasing an additional 1,351 shares during the period. Intech Investment Management LLC raised its holdings in Warrior Met Coal by 14.6% in the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company's stock worth $1,661,000 after purchasing an additional 4,441 shares during the period. Hsbc Holdings PLC raised its holdings in Warrior Met Coal by 7.7% in the 2nd quarter. Hsbc Holdings PLC now owns 6,479 shares of the company's stock worth $300,000 after purchasing an additional 464 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after purchasing an additional 467 shares during the period. Finally, Marshall Wace LLP raised its holdings in Warrior Met Coal by 75.1% in the 2nd quarter. Marshall Wace LLP now owns 10,085 shares of the company's stock worth $462,000 after purchasing an additional 4,324 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Sunday, February 15th. Zacks Research raised Warrior Met Coal from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. Jefferies Financial Group upped their price objective on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, January 20th. Citigroup upped their price objective on shares of Warrior Met Coal from $80.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, March 18th. Finally, B. Riley Financial restated a "buy" rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $102.80.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock opened at $84.14 on Tuesday. The business has a 50 day simple moving average of $88.04 and a two-hundred day simple moving average of $84.94. Warrior Met Coal has a 12 month low of $40.80 and a 12 month high of $105.35. The stock has a market capitalization of $4.44 billion, a P/E ratio of 32.11 and a beta of 0.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. Warrior Met Coal's revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) EPS. As a group, analysts predict that Warrior Met Coal will post 6.71 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 7th. Stockholders of record on Friday, May 1st will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, May 1st. Warrior Met Coal's dividend payout ratio is 12.21%.

Warrior Met Coal 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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