Warrior Met Coal, Inc. (NYSE:HCC) Stock Position Decreased by Magnetar Financial LLC

Magnetar Financial LLC cut its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 69.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,952 shares of the company’s stock after selling 13,753 shares during the period. Magnetar Financial LLC’s holdings in Warrior Met Coal were worth $323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal during the 4th quarter worth about $43,000. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after acquiring an additional 358 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after acquiring an additional 1,040 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Warrior Met Coal by 264.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock valued at $94,000 after acquiring an additional 2,800 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Warrior Met Coal by 25.0% during the 4th quarter. KBC Group NV now owns 2,139 shares of the company’s stock valued at $116,000 after acquiring an additional 428 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

HCC opened at $46.64 on Friday. The firm has a market capitalization of $2.45 billion, a P/E ratio of 9.74 and a beta of 1.10. The stock’s 50 day moving average price is $51.18 and its two-hundred day moving average price is $57.77. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12-month low of $44.62 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). The business had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. On average, equities analysts forecast that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were given a $0.08 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

Wall Street Analyst Weigh In

HCC has been the topic of a number of analyst reports. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Jefferies Financial Group lowered their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, B. Riley lowered their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

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.