Sei Investments Co. Reduces Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Sei Investments Co. reduced its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 2.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,814 shares of the company’s stock after selling 742 shares during the period. Sei Investments Co. owned about 0.06% of Warrior Met Coal worth $1,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HCC. River Road Asset Management LLC lifted its stake in shares of Warrior Met Coal by 2.1% during the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock valued at $48,186,000 after buying an additional 18,031 shares in the last quarter. Geode Capital Management LLC grew its holdings in 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of Warrior Met Coal by 14.2% during the third quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after buying an additional 83,331 shares during the period. Hosking Partners LLP lifted its holdings in shares of Warrior Met Coal by 9.6% in the fourth quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock worth $28,467,000 after buying an additional 45,868 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Warrior Met Coal in the 4th quarter valued at $1,300,000. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $40.51 on Friday. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 8.46 and a beta of 0.80. The business’s fifty day moving average is $49.60 and its 200 day moving average is $57.33. Warrior Met Coal, Inc. has a twelve month low of $39.06 and a twelve month high of $75.53.

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

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s payout ratio is 6.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group dropped their price target on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. B. Riley cut their price target on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $74.00.

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.