Anthracite Investment Company Inc. Cuts Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Anthracite Investment Company Inc. lowered its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,923 shares of the company’s stock after selling 2,365 shares during the period. Warrior Met Coal accounts for 1.1% of Anthracite Investment Company Inc.’s portfolio, making the stock its 29th largest position. Anthracite Investment Company Inc.’s holdings in Warrior Met Coal were worth $3,088,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new stake in shares of Warrior Met Coal in the 4th quarter valued at $43,000. GAMMA Investing LLC boosted its position in Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after buying an additional 358 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 1,040 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of Warrior Met Coal by 264.4% in 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 boosted its holdings in 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 period. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Stock Up 1.5 %

Shares of Warrior Met Coal stock opened at $48.90 on Wednesday. The company has a current ratio of 5.20, a quick ratio of 3.99 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. The company has a market cap of $2.57 billion, a P/E ratio of 10.21 and a beta of 1.10. The company’s fifty day simple moving average is $50.98 and its two-hundred day simple moving average is $57.72.

Warrior Met Coal (NYSE:HCC) last released its quarterly 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 company had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. Research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 EPS 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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

Analyst Ratings Changes

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

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.