Allspring Global Investments Holdings LLC Sells 1,328 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Allspring Global Investments Holdings LLC lowered its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 57.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 985 shares of the company’s stock after selling 1,328 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Warrior Met Coal were worth $63,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of HCC. Dimensional Fund Advisors LP boosted its stake in shares of Warrior Met Coal by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,863,024 shares of the company’s stock valued at $116,937,000 after purchasing an additional 45,950 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Warrior Met Coal by 4.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,501,379 shares of the company’s stock worth $94,242,000 after acquiring an additional 62,200 shares during the period. American Century Companies Inc. grew its stake in shares of Warrior Met Coal by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,440,965 shares of the company’s stock worth $90,449,000 after acquiring an additional 82,622 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Warrior Met Coal by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,299,563 shares of the company’s stock worth $78,885,000 after purchasing an additional 30,053 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Warrior Met Coal by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 543,020 shares of the company’s stock worth $34,085,000 after purchasing an additional 16,574 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $65.56 on Tuesday. The firm has a market capitalization of $3.43 billion, a PE ratio of 9.06 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 5.81. Warrior Met Coal, Inc. has a 52-week low of $44.76 and a 52-week high of $75.53. The stock has a 50-day simple moving average of $59.65 and a two-hundred day simple moving average of $63.61.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate 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 net margin of 23.77% and a return on equity of 19.00%. Warrior Met Coal’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. Analysts forecast that Warrior Met Coal, Inc. will post 5.15 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. Warrior Met Coal’s dividend payout ratio is presently 4.42%.

Analyst Upgrades and Downgrades

HCC has been the topic of a number of research reports. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley lifted their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.75.

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.