Nuveen Asset Management LLC Sells 12,246 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Nuveen Asset Management LLC cut its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,283 shares of the company's stock after selling 12,246 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.27% of Warrior Met Coal worth $7,609,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HCC. Barclays PLC grew its holdings in Warrior Met Coal by 413.2% in the third quarter. Barclays PLC now owns 101,302 shares of the company's stock worth $6,474,000 after purchasing an additional 81,561 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Warrior Met Coal by 7.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,542 shares of the company's stock worth $355,000 after purchasing an additional 471 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Warrior Met Coal by 87.3% in the 4th quarter. SG Americas Securities LLC now owns 8,427 shares of the company's stock worth $457,000 after buying an additional 3,929 shares during the last quarter. KBC Group NV increased its position in Warrior Met Coal by 25.0% during the 4th quarter. KBC Group NV now owns 2,139 shares of the company's stock valued at $116,000 after buying an additional 428 shares in the last quarter. Finally, BTC Capital Management Inc. raised its stake in Warrior Met Coal by 10.5% during the fourth quarter. BTC Capital Management Inc. now owns 9,606 shares of the company's stock valued at $521,000 after buying an additional 915 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HCC has been the subject of several analyst reports. UBS Group reduced their price target on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. B. Riley decreased their target price on shares of Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock traded up $0.93 during trading on Tuesday, hitting $46.03. 689,877 shares of the company's stock traded hands, compared to its average volume of 818,570. Warrior Met Coal, Inc. has a 1 year low of $38.00 and a 1 year high of $75.53. The business has a 50-day simple moving average of $46.69 and a 200-day simple moving average of $52.33. 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 stock has a market capitalization of $2.42 billion, a P/E ratio of 9.61 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly 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). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company had revenue of $299.94 million for the quarter, compared to analysts' expectations of $296.39 million. During the same period in the previous year, the business earned $2.63 EPS. The business's revenue was down 40.4% compared to the same quarter last year. As a group, analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, May 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Monday, May 5th. Warrior Met Coal's dividend payout ratio (DPR) is presently 15.92%.

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.