Clearbridge Investments LLC Has $7.70 Million Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Clearbridge Investments LLC lowered its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,932 shares of the company’s stock after selling 6,450 shares during the period. Clearbridge Investments LLC owned about 0.27% of Warrior Met Coal worth $7,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. River Road Asset Management LLC boosted its position in Warrior Met Coal by 2.1% during the fourth quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock valued at $48,186,000 after purchasing an additional 18,031 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Warrior Met Coal by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after buying an additional 13,650 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Warrior Met Coal by 14.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 671,427 shares of the company’s stock valued at $42,904,000 after buying an additional 83,331 shares in the last quarter. Hosking Partners LLP increased its holdings in Warrior Met Coal by 9.6% in the fourth quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock worth $28,467,000 after buying an additional 45,868 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Warrior Met Coal during the fourth quarter valued at approximately $1,300,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B. Riley decreased their target price on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group decreased their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Price Performance

NYSE HCC opened at $46.80 on Thursday. Warrior Met Coal, Inc. has a 1 year low of $44.62 and a 1 year high of $75.53. The company has a fifty day simple moving average of $50.13 and a 200 day simple moving average of $57.50. 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 company has a market cap of $2.46 billion, a P/E ratio of 9.77 and a beta of 0.80.

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

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 6.68%.

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.