Northern Trust Corp Acquires 43,658 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Northern Trust Corp grew its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 645,961 shares of the company's stock after acquiring an additional 43,658 shares during the quarter. Northern Trust Corp owned about 1.23% of Warrior Met Coal worth $35,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HCC. FNY Investment Advisers LLC acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at about $43,000. GAMMA Investing LLC raised its holdings in shares of Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company's stock valued at $54,000 after acquiring an additional 358 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after acquiring an additional 279 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Warrior Met Coal by 304.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company's stock valued at $75,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in Warrior Met Coal by 818.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,634 shares of the company's stock worth $89,000 after acquiring an additional 1,456 shares during the period. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Warrior Met Coal Stock Down 0.8%

Shares of HCC traded down $0.38 during trading on Thursday, reaching $46.98. The company's stock had a trading volume of 213,962 shares, compared to its average volume of 794,530. The company has a fifty day moving average of $47.18 and a two-hundred day moving average of $54.41. 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 $2.47 billion, a price-to-earnings ratio of 9.79 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 issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The company had revenue of $299.94 million for the quarter, compared to the consensus estimate of $296.39 million. During the same quarter in the previous year, the company earned $2.63 earnings per share. Warrior Met Coal's quarterly revenue was down 40.4% compared to the same quarter last year. On average, sell-side analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Monday, May 5th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.68%. The ex-dividend date was Monday, May 5th. Warrior Met Coal's dividend payout ratio is currently 15.92%.

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.