Warrior Met Coal (NYSE:HCC) Trading Down 2.9% – Should You Sell?

Warrior Met Coal, Inc. (NYSE:HCC) shares were down 2.9% on Wednesday . The company traded as low as $48.23 and last traded at $48.09. Approximately 100,258 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 847,205 shares. The stock had previously closed at $49.53.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HCC. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. B. Riley lowered their price target on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group cut their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average target price of $74.00.

Warrior Met Coal Stock Down 1.9 %

The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $51.46 and a two-hundred day simple moving average of $58.00. The company has a market cap of $2.55 billion, a PE ratio of 10.14 and a beta of 1.10.

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

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 6.68%.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal during the fourth quarter worth $43,000. GAMMA Investing LLC increased its stake in shares of Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the period. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 31.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after acquiring an additional 279 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Warrior Met Coal by 304.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in Warrior Met Coal by 818.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,634 shares of the company’s stock worth $89,000 after acquiring an additional 1,456 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.