Van ECK Associates Corp Sells 12,368 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Van ECK Associates Corp lessened its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,991 shares of the company’s stock after selling 12,368 shares during the period. Van ECK Associates Corp owned about 0.21% of Warrior Met Coal worth $6,074,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in HCC. State Street Corp lifted its stake in Warrior Met Coal by 4.9% during the third quarter. State Street Corp now owns 3,404,237 shares of the company’s stock worth $217,531,000 after purchasing an additional 158,722 shares during the period. FMR LLC lifted its stake in Warrior Met Coal by 8.6% during the third quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after purchasing an additional 254,540 shares during the period. Maple Rock Capital Partners Inc. lifted its stake in Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock worth $93,357,000 after purchasing an additional 963,892 shares during the period. Geode Capital Management LLC lifted its stake in Warrior Met Coal by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock worth $77,232,000 after purchasing an additional 13,650 shares during the period. Finally, River Road Asset Management LLC lifted its stake in Warrior Met Coal by 22.9% during the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after purchasing an additional 162,387 shares during the period. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $49.69 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67. The firm has a market cap of $2.60 billion, a P/E ratio of 6.86 and a beta of 1.07. The firm has a 50 day simple moving average of $54.77 and a 200 day simple moving average of $59.64. Warrior Met Coal, Inc. has a fifty-two week low of $49.33 and a fifty-two week high of $75.53.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The company had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. Sell-side analysts predict that Warrior Met Coal, Inc. will post 5.3 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Monday, February 24th. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HCC shares. Jefferies Financial Group cut their price target on shares of 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 raised their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Friday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.