Janney Montgomery Scott LLC Trims Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Janney Montgomery Scott LLC trimmed its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,511 shares of the company’s stock after selling 5,470 shares during the period. Janney Montgomery Scott LLC owned 0.12% of Warrior Met Coal worth $3,391,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HCC. Blue Trust Inc. boosted its holdings in shares of Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after buying an additional 180 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Warrior Met Coal during the fourth quarter worth about $43,000. GAMMA Investing LLC boosted its stake in Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares in the last quarter. KBC Group NV grew its holdings in Warrior Met Coal by 29.7% in 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, Mackenzie Financial Corp bought a new position in shares of Warrior Met Coal during the second quarter valued at approximately $203,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

Shares of HCC opened at $52.81 on Friday. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 7.29 and a beta of 1.09. The business’s fifty day simple moving average is $58.25 and its two-hundred day simple moving average is $61.01. Warrior Met Coal, Inc. has a 12 month low of $49.97 and a 12 month high of $75.53. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The business 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%. Warrior Met Coal’s revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 EPS. Research analysts anticipate that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HCC. Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, January 6th. B. Riley lifted their price target 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

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.