The Manufacturers Life Insurance Company Sells 1,765 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

The Manufacturers Life Insurance Company cut its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,832 shares of the company’s stock after selling 1,765 shares during the period. The Manufacturers Life Insurance Company owned about 0.09% of Warrior Met Coal worth $2,993,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after buying an additional 144 shares during the period. Blue Trust Inc. raised its position in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares in the last quarter. Ausbil Investment Management Ltd acquired a new position in Warrior Met Coal in the second quarter worth about $82,000. KBC Group NV lifted its stake in Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after purchasing an additional 392 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Warrior Met Coal by 34.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock valued at $145,000 after purchasing an additional 599 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their target price on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $75.75.

Warrior Met Coal Stock Down 4.4 %

Shares of HCC opened at $63.69 on Friday. The business’s 50 day simple moving average is $65.88 and its 200-day simple moving average is $64.17. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. Warrior Met Coal, Inc. has a one year low of $50.60 and a one year high of $75.53. The company has a market capitalization of $3.33 billion, a P/E ratio of 8.80 and a beta of 1.03.

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

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.50%. Warrior Met Coal’s payout ratio is currently 4.42%.

Warrior Met Coal 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.