Warrior Met Coal, Inc. (NYSE:HCC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 50.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,670 shares of the company's stock after selling 122,481 shares during the period. Wellington Management Group LLP owned about 0.23% of Warrior Met Coal worth $6,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its holdings in Warrior Met Coal by 272.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,994,301 shares of the company's stock valued at $108,171,000 after purchasing an additional 1,458,279 shares during the last quarter. Dalal Street LLC lifted its holdings in shares of Warrior Met Coal by 144.1% in the 4th quarter. Dalal Street LLC now owns 1,704,670 shares of the company's stock valued at $92,461,000 after buying an additional 1,006,263 shares during the period. Silver Point Capital L.P. purchased a new stake in shares of Warrior Met Coal in the fourth quarter worth about $34,985,000. Woodline Partners LP raised its position in Warrior Met Coal by 224.2% during the fourth quarter. Woodline Partners LP now owns 670,380 shares of the company's stock valued at $36,361,000 after acquiring an additional 463,577 shares in the last quarter. Finally, Hartree Partners LP purchased a new position in Warrior Met Coal during the fourth quarter valued at approximately $8,760,000. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Price Performance

NYSE:HCC traded down $0.71 during trading hours on Thursday, reaching $46.65. 972,752 shares of the company were exchanged, compared to its average volume of 817,303. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.45 billion, a PE ratio of 9.74 and a beta of 0.75. Warrior Met Coal, Inc. has a twelve month low of $38.00 and a twelve month high of $75.53. The stock's 50-day moving average is $46.67 and its 200-day moving average is $52.29.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). The company 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 firm's revenue for the quarter was down 40.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 EPS. On average, sell-side analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's payout ratio is 15.92%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HCC. B. Riley cut 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. UBS Group lowered their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research note on Friday, February 14th.

About Warrior Met Coal

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.