Moran Wealth Management LLC Decreases Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Moran Wealth Management LLC cut its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 6.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,327 shares of the company’s stock after selling 1,541 shares during the quarter. Moran Wealth Management LLC’s holdings in Warrior Met Coal were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of HCC. FNY Investment Advisers LLC bought a new position in Warrior Met Coal during the 4th quarter valued at about $43,000. GAMMA Investing LLC raised its holdings 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 valued at $54,000 after purchasing an additional 358 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Warrior Met Coal by 304.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after purchasing an additional 1,040 shares during the period. Wolverine Asset Management LLC boosted its holdings in Warrior Met Coal by 264.4% in the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock worth $94,000 after purchasing an additional 2,800 shares during the last quarter. Finally, KBC Group NV grew its position in Warrior Met Coal by 29.7% in the 3rd quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after purchasing an additional 392 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HCC shares. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Jefferies Financial Group reduced 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. Finally, B. Riley dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Stock Up 3.5 %

HCC opened at $48.70 on Wednesday. Warrior Met Coal, Inc. has a 1-year low of $44.62 and a 1-year high of $75.53. The firm’s 50 day simple moving average is $51.96 and its two-hundred day simple moving average is $58.41. 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 capitalization of $2.56 billion, a PE ratio of 10.17 and a beta of 1.10.

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

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were given 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 dividend yield of 0.66%. Warrior Met Coal’s payout ratio is currently 6.68%.

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.