Thrivent Financial for Lutherans Cuts Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Thrivent Financial for Lutherans lessened its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 5.4% during the third quarter, Holdings Channel.com reports. The firm owned 41,079 shares of the company’s stock after selling 2,338 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Warrior Met Coal were worth $2,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in shares of Warrior Met Coal by 4.3% in the 3rd quarter. Empowered Funds LLC now owns 215,667 shares of the company’s stock valued at $13,781,000 after buying an additional 8,802 shares during the period. KBC Group NV lifted its holdings in Warrior Met Coal by 29.7% in the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after acquiring an additional 392 shares during the period. Victory Capital Management Inc. boosted its position in shares of Warrior Met Coal by 26.6% during the 3rd quarter. Victory Capital Management Inc. now owns 52,280 shares of the company’s stock worth $3,341,000 after purchasing an additional 10,972 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Warrior Met Coal by 19.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 34,235 shares of the company’s stock worth $2,188,000 after purchasing an additional 5,692 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Warrior Met Coal in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $68.89 on Wednesday. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $63.91 and its 200 day moving average price is $63.90. Warrior Met Coal, Inc. has a 52 week low of $50.60 and a 52 week high of $75.53. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 9.52 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same period in the prior year, the business earned $1.85 earnings per share. The company’s quarterly revenue was down 22.6% on a year-over-year basis. As a group, research analysts forecast that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were issued a $0.08 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. Warrior Met Coal’s dividend payout ratio (DPR) is 4.42%.

Wall Street Analyst Weigh In

HCC has been the topic of several recent analyst reports. B. Riley upped their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.75.

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.