Warrior Met Coal (NYSE:HCC) Trading Down 4.8% - Here's Why

Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) traded down 4.8% during trading on Friday . The stock traded as low as $44.85 and last traded at $44.75. 237,799 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 910,566 shares. The stock had previously closed at $47.01.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HCC shares. B. Riley lowered their price objective 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. UBS Group decreased their target price on Warrior Met Coal from $68.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th.

Warrior Met Coal Stock Performance

The company has a quick ratio of 4.00, a current ratio of 5.14 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $47.21 and a two-hundred day simple moving average of $50.16. The stock has a market capitalization of $2.32 billion, a P/E ratio of 21.95 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted 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). The company had revenue of $299.94 million for the quarter, compared to analyst estimates of $296.39 million. Warrior Met Coal had a return on equity of 5.41% and a net margin of 7.98%. The business's quarterly revenue was down 40.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 EPS. On average, equities analysts forecast that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 12th. Investors 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 0.73%. The ex-dividend date of this dividend was Monday, May 5th. Warrior Met Coal's payout ratio is currently 15.92%.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its stake in shares of Warrior Met Coal by 31.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company's stock valued at $64,000 after purchasing an additional 279 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in 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 buying an additional 1,040 shares in the last quarter. Sterling Capital Management LLC boosted 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 valued at $89,000 after buying an additional 1,456 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of Warrior Met Coal by 264.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company's stock worth $94,000 after buying an additional 2,800 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of Warrior Met Coal by 46.6% in the 4th quarter. Covestor Ltd now owns 2,287 shares of the company's stock valued at $124,000 after acquiring an additional 727 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

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.