Legal & General Group Plc Lowers Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Legal & General Group Plc lowered its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,939 shares of the company's stock after selling 9,040 shares during the period. Legal & General Group Plc owned 0.28% of Warrior Met Coal worth $7,970,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in shares of Warrior Met Coal by 14.6% during the 4th quarter. Invesco Ltd. now owns 414,648 shares of the company's stock worth $22,491,000 after acquiring an additional 52,937 shares during the period. Bank of Montreal Can grew its stake in Warrior Met Coal by 146.0% in the fourth quarter. Bank of Montreal Can now owns 15,932 shares of the company's stock worth $864,000 after purchasing an additional 9,456 shares during the period. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after purchasing an additional 279 shares in the last quarter. Dalal Street LLC lifted its position in Warrior Met Coal by 144.1% during the fourth 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. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Warrior Met Coal by 2.1% during the 4th quarter. Russell Investments Group Ltd. now owns 69,832 shares of the company's stock valued at $3,788,000 after buying an additional 1,418 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HCC has been the subject of a number of recent research reports. Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Jefferies Financial Group cut their price target on Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, B. Riley dropped their target price on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Warrior Met Coal Stock Performance

Warrior Met Coal stock traded up $0.51 during midday trading on Thursday, reaching $49.82. 106,523 shares of the company traded hands, compared to its average volume of 782,321. Warrior Met Coal, Inc. has a 12 month low of $38.00 and a 12 month high of $75.53. 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 business has a 50 day moving average of $47.65 and a two-hundred day moving average of $55.95. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 10.40 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.34). The firm had revenue of $297.47 million for the quarter, compared to analysts' expectations of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. As a group, research analysts predict that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Monday, May 5th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. Warrior Met Coal's payout ratio is 6.68%.

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.