Warrior Met Coal (NYSE:HCC) Stock Price Down 2.9% – Here’s What Happened

Warrior Met Coal, Inc. (NYSE:HCC)’s share price traded down 2.9% during trading on Wednesday . The company traded as low as $48.23 and last traded at $48.09. 100,258 shares were traded during trading, a decline of 88% from the average session volume of 847,205 shares. The stock had previously closed at $49.53.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. B. Riley decreased their target price on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Jefferies Financial Group decreased 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 report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Warrior Met Coal Price Performance

The business’s 50 day moving average price is $51.26 and its 200-day moving average price is $57.86. 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 company has a market cap of $2.48 billion, a PE ratio of 9.84 and a beta of 1.10.

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

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is 6.68%.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at approximately $43,000. GAMMA Investing LLC increased its stake in shares of Warrior Met Coal by 56.7% in the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after acquiring an additional 279 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Warrior Met Coal by 304.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock valued at $89,000 after acquiring an additional 1,456 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.