Allianz Asset Management GmbH Reduces Stock Position in Warrior Met Coal $HCC

Allianz Asset Management GmbH lessened its position in Warrior Met Coal (NYSE:HCC) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,413,277 shares of the company’s stock after selling 29,656 shares during the period. Allianz Asset Management GmbH owned 2.69% of Warrior Met Coal worth $64,770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 253 shares during the period. Covestor Ltd lifted its holdings in Warrior Met Coal by 14.6% in the 1st quarter. Covestor Ltd now owns 2,622 shares of the company’s stock worth $125,000 after buying an additional 335 shares during the period. Farther Finance Advisors LLC grew its position in shares of Warrior Met Coal by 5,565.4% in the 1st quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock worth $142,000 after buying an additional 2,894 shares during the last quarter. KBC Group NV increased its stake in shares of Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company’s stock valued at $145,000 after buying an additional 894 shares during the period. Finally, Significant Wealth Partners LLC raised its holdings in shares of Warrior Met Coal by 26.5% during the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company’s stock valued at $239,000 after acquiring an additional 1,049 shares in the last quarter. 92.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HCC. Zacks Research upgraded shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. BMO Capital Markets set a $55.00 price objective on Warrior Met Coal and gave the company a “market perform” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. Finally, UBS Group lifted their price target on Warrior Met Coal from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $65.50.

Warrior Met Coal Trading Down 2.3%

NYSE:HCC opened at $65.05 on Friday. The firm has a market capitalization of $3.42 billion, a P/E ratio of 84.48 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.59 and a quick ratio of 3.44. Warrior Met Coal has a one year low of $38.00 and a one year high of $75.15. The company’s 50-day simple moving average is $61.69 and its 200 day simple moving average is $52.95.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The firm had revenue of $297.52 million during the quarter, compared to analyst estimates of $285.63 million. During the same period last year, the business earned $1.35 earnings per share. The business’s revenue was down 25.0% on a year-over-year basis. As a group, analysts forecast that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, August 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 41.56%.

About Warrior Met Coal

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.