Warrior Met Coal, Inc. (NYSE:HCC) Shares Sold by Merewether Investment Management LP

Merewether Investment Management LP lowered its position in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 37.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 494,481 shares of the company's stock after selling 298,819 shares during the quarter. Merewether Investment Management LP owned about 0.95% of Warrior Met Coal worth $26,821,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HCC. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal during the 4th quarter worth about $43,000. GAMMA Investing LLC grew its holdings in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company's stock worth $54,000 after purchasing an additional 358 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock worth $64,000 after purchasing an additional 279 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock worth $75,000 after purchasing an additional 1,040 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock worth $89,000 after purchasing an additional 1,456 shares during the period. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Stock Up 3.7%

Shares of HCC traded up $1.74 during trading on Friday, reaching $48.61. The company's stock had a trading volume of 971,675 shares, compared to its average volume of 801,303. The company has a fifty day moving average of $47.18 and a two-hundred day moving average of $54.16. Warrior Met Coal, Inc. has a twelve month low of $38.00 and a twelve month high of $75.53. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 10.15 and a beta of 0.75. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its 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 business had revenue of $299.94 million during the quarter, compared to analyst estimates of $296.39 million. During the same period in the previous year, the company earned $2.63 earnings per share. The business's revenue for the quarter was down 40.4% on a year-over-year basis. On average, sell-side analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm 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 dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's payout ratio is 15.92%.

Analyst Ratings Changes

A number of equities analysts have weighed in on HCC shares. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a report on Friday, February 14th. UBS Group decreased 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. Finally, B. Riley decreased their price target on Warrior Met Coal from $86.00 to $76.00 and set a "buy" rating for the company in a report on Friday, April 11th.

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.