Legal & General Group Plc Cuts Stock Position in Warrior Met Coal $HCC

Legal & General Group Plc lessened its holdings in Warrior Met Coal (NYSE:HCC) by 5.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 133,281 shares of the company’s stock after selling 7,280 shares during the period. Legal & General Group Plc owned 0.25% of Warrior Met Coal worth $11,751,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares in the last quarter. IFP Advisors Inc purchased a new stake in Warrior Met Coal in the 4th quarter worth $37,000. Hantz Financial Services Inc. increased its stake in Warrior Met Coal by 266.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 626 shares of the company’s stock worth $40,000 after buying an additional 455 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Warrior Met Coal by 4,337.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 710 shares of the company’s stock worth $45,000 after buying an additional 694 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Warrior Met Coal by 919.6% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 938 shares of the company’s stock worth $60,000 after buying an additional 846 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 4.4%

Shares of NYSE:HCC opened at $105.47 on Thursday. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 12 month low of $40.80 and a 12 month high of $110.39. The company has a 50-day moving average price of $90.81 and a 200 day moving average price of $88.20. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 40.26 and a beta of 0.62.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The business had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. During the same period in the previous year, the business posted ($0.16) EPS. The firm’s revenue was up 52.9% on a year-over-year basis. As a group, equities research analysts predict that Warrior Met Coal will post 6.78 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 12.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HCC shares. Zacks Research lowered Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Weiss Ratings lowered Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. UBS Group dropped their price objective on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Citigroup increased their price objective on shares of Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Hold” and an average target price of $102.80.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.