Bank of New York Mellon Corp Trims Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Bank of New York Mellon Corp lowered its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 481,817 shares of the company’s stock after selling 8,022 shares during the period. Bank of New York Mellon Corp owned 0.92% of Warrior Met Coal worth $26,134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake in shares of Warrior Met Coal by 26.6% in the third quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock worth $3,341,000 after acquiring an additional 10,972 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Warrior Met Coal by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after buying an additional 13,650 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Warrior Met Coal by 14.2% in the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock worth $42,904,000 after buying an additional 83,331 shares during the last quarter. Citigroup Inc. raised its holdings in Warrior Met Coal by 61.4% in the third quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after acquiring an additional 33,272 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Warrior Met Coal during the 4th quarter worth $1,300,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

HCC has been the topic of a number of recent analyst reports. B. Riley cut their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Finally, Jefferies Financial Group dropped their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Warrior Met Coal Stock Down 3.0 %

Shares of Warrior Met Coal stock opened at $46.79 on Monday. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 9.77 and a beta of 1.10. Warrior Met Coal, Inc. has a twelve month low of $45.94 and a twelve month high of $75.53. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The business’s 50 day simple moving average is $52.22 and its 200-day simple moving average is $58.55.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Equities research analysts forecast that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s payout ratio is 6.68%.

About Warrior Met Coal

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.