Warrior Met Coal, Inc. (NYSE:HCC) Stake Trimmed by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,039 shares of the company's stock after selling 70,115 shares during the period. Federated Hermes Inc. owned approximately 0.37% of Warrior Met Coal worth $11,770,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Private Client Services LLC purchased a new position in Warrior Met Coal during the 4th quarter valued at $851,000. Louisiana State Employees Retirement System purchased a new stake in Warrior Met Coal during the 4th quarter valued at about $1,585,000. Graham Capital Wealth Management LLC purchased a new stake in Warrior Met Coal during the 4th quarter valued at about $1,773,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Warrior Met Coal by 6.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,940 shares of the company's stock worth $1,460,000 after buying an additional 1,471 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of Warrior Met Coal by 4.2% in the fourth quarter. New York State Teachers Retirement System now owns 27,638 shares of the company's stock worth $1,685,000 after buying an additional 1,104 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Trading Up 0.9 %

Shares of HCC traded up $0.56 during trading hours on Wednesday, hitting $66.12. The stock had a trading volume of 472,622 shares, compared to its average volume of 831,955. Warrior Met Coal, Inc. has a 12-month low of $31.97 and a 12-month high of $69.97. The firm has a market cap of $3.46 billion, a P/E ratio of 7.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.99 and a current ratio of 7.24. The company's fifty day simple moving average is $59.26 and its 200 day simple moving average is $57.68.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing analysts' consensus estimates of $3.16 by ($0.67). The company had revenue of $363.80 million for the quarter, compared to the consensus estimate of $393.04 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. Warrior Met Coal's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.90 earnings per share. Equities research analysts forecast that Warrior Met Coal, Inc. will post 6.83 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal's payout ratio is currently 3.48%.

Insiders Place Their Bets

In other news, Director Alan H. Schumacher bought 2,000 shares of the company's stock in a transaction on Friday, February 23rd. The shares were bought at an average cost of $58.15 per share, with a total value of $116,300.00. Following the transaction, the director now directly owns 30,270 shares in the company, valued at approximately $1,760,200.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HCC. UBS Group assumed coverage on Warrior Met Coal in a report on Tuesday, January 16th. They set a "neutral" rating and a $68.00 target price for the company. Citigroup raised Warrior Met Coal from a "neutral" rating to a "buy" rating and raised their target price for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Finally, B. Riley dropped their price objective on Warrior Met Coal from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

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.