Brandywine Global Investment Management LLC Has $9.66 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

Brandywine Global Investment Management LLC cut its position in Warrior Met Coal, Inc. (NYSE:HCC) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,167 shares of the company’s stock after selling 5,650 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Warrior Met Coal were worth $9,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HCC. FNY Investment Advisers LLC acquired a new stake in shares of Warrior Met Coal during the fourth quarter worth $43,000. GAMMA Investing LLC increased its position in Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after acquiring an additional 358 shares during the period. Smartleaf Asset Management LLC raised its stake in Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after purchasing an additional 1,040 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Warrior Met Coal by 264.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock valued at $94,000 after purchasing an additional 2,800 shares during the period. Finally, KBC Group NV grew its position in Warrior Met Coal by 25.0% during the fourth quarter. KBC Group NV now owns 2,139 shares of the company’s stock worth $116,000 after buying an additional 428 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HCC shares. Jefferies Financial Group dropped their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. B. Riley reduced their price objective on 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. Finally, Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal currently has an average rating of “Moderate Buy” and an average price target of $74.00.

Warrior Met Coal Stock Down 1.8 %

Shares of Warrior Met Coal stock opened at $47.71 on Tuesday. Warrior Met Coal, Inc. has a one year low of $44.00 and a one year high of $75.53. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 9.96 and a beta of 1.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The stock’s 50-day moving average is $50.49 and its 200 day moving average is $57.62.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 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 business had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $331.70 million. Equities research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 0.67%. The ex-dividend date was Monday, February 24th. Warrior Met Coal’s payout ratio is currently 6.68%.

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.