Strs Ohio Sells 3,100 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Strs Ohio decreased its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 14.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 19,000 shares of the company’s stock after selling 3,100 shares during the quarter. Strs Ohio’s holdings in Warrior Met Coal were worth $1,158,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HCC. O Keefe Stevens Advisory Inc. increased its holdings in shares of Warrior Met Coal by 1.1% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 260,575 shares of the company’s stock worth $13,310,000 after purchasing an additional 2,799 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of Warrior Met Coal during the 3rd quarter worth about $224,000. Raymond James & Associates bought a new position in shares of Warrior Met Coal during the 3rd quarter worth about $433,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Warrior Met Coal by 27.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,422 shares of the company’s stock worth $583,000 after purchasing an additional 2,428 shares during the period. Finally, Yorktown Management & Research Co Inc bought a new position in shares of Warrior Met Coal during the 3rd quarter worth about $383,000. Institutional investors own 92.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HCC shares. B. Riley dropped their price objective on shares of Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Monday, April 15th. UBS Group started coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price on the stock. Finally, Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their target price for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Warrior Met Coal has an average rating of “Moderate Buy” and an average target price of $67.60.

Insider Buying and Selling at Warrior Met Coal

In other news, Director Alan H. Schumacher purchased 2,000 shares of Warrior Met Coal stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the transaction, the director now directly owns 30,270 shares in the company, valued at $1,760,200.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE HCC opened at $67.07 on Tuesday. The stock has a market cap of $3.51 billion, a P/E ratio of 7.29 and a beta of 1.09. The company’s 50-day simple moving average is $59.14 and its 200 day simple moving average is $57.57. Warrior Met Coal, Inc. has a twelve month low of $31.97 and a twelve month high of $69.97. The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.67). The firm had revenue of $363.80 million during the quarter, compared to analyst estimates of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. Warrior Met Coal’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.90 earnings per share. As a group, research analysts forecast that Warrior Met Coal, Inc. will post 6.83 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Friday, March 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, February 29th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.48%.

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.