US Bancorp DE Lowers Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

US Bancorp DE reduced its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 95.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 400 shares of the company’s stock after selling 9,084 shares during the quarter. US Bancorp DE’s holdings in Warrior Met Coal were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Warrior Met Coal during the first quarter valued at $104,000. Sei Investments Co. increased its position in Warrior Met Coal by 1.2% in the first quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock worth $1,408,000 after buying an additional 277 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Warrior Met Coal by 2.0% during the 1st quarter. Russell Investments Group Ltd. now owns 111,333 shares of the company’s stock worth $6,758,000 after acquiring an additional 2,222 shares during the period. ProShare Advisors LLC raised its position in shares of Warrior Met Coal by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 10,439 shares of the company’s stock valued at $634,000 after purchasing an additional 718 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Warrior Met Coal during the first quarter valued at about $942,000. 92.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley boosted their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Warrior Met Coal presently has a consensus rating of “Hold” and an average target price of $75.75.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $66.99 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. Warrior Met Coal, Inc. has a fifty-two week low of $50.60 and a fifty-two week high of $75.53. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 9.25 and a beta of 1.02. The stock’s 50-day simple moving average is $62.20 and its 200-day simple moving average is $63.73.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The business had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same period in the prior year, the company earned $1.85 earnings per share. The company’s revenue was down 22.6% on a year-over-year basis. As a group, equities analysts forecast that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.48%. Warrior Met Coal’s payout ratio is currently 4.42%.

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.