Amalgamated Bank Decreases Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Amalgamated Bank reduced its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 3.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,379 shares of the company’s stock after selling 582 shares during the period. Amalgamated Bank’s holdings in Warrior Met Coal were worth $983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares during the period. SummerHaven Investment Management LLC increased its position in shares of Warrior Met Coal by 1.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company’s stock valued at $1,213,000 after purchasing an additional 231 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Warrior Met Coal by 6.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock valued at $245,000 after buying an additional 231 shares during the period. Finally, Sei Investments Co. lifted its position in Warrior Met Coal by 1.2% in the first quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock worth $1,408,000 after buying an additional 277 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on HCC. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley lifted their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal has an average rating of “Hold” and an average target price of $75.75.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $66.49 on Friday. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $61.64 and its two-hundred day moving average is $63.82. Warrior Met Coal, Inc. has a 52 week low of $49.23 and a 52 week high of $75.53. The company has a market capitalization of $3.48 billion, a PE ratio of 9.18 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The firm had revenue of $327.72 million for the quarter, compared to analysts’ expectations of $322.21 million. During the same period in the prior year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was down 22.6% on a year-over-year basis. As a group, analysts expect that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

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.