Rhumbline Advisers Lowers Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Rhumbline Advisers lessened its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,592 shares of the company’s stock after selling 365 shares during the quarter. Rhumbline Advisers owned about 0.31% of Warrior Met Coal worth $10,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Allianz Asset Management GmbH grew its stake in Warrior Met Coal by 9.7% in the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock valued at $44,485,000 after acquiring an additional 64,672 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in Warrior Met Coal during the 4th quarter worth $6,725,000. Wellington Management Group LLP raised its stake in Warrior Met Coal by 7.1% during the fourth quarter. Wellington Management Group LLP now owns 90,211 shares of the company’s stock valued at $5,500,000 after buying an additional 6,015 shares in the last quarter. UniSuper Management Pty Ltd acquired a new position in Warrior Met Coal in the first quarter worth $604,000. Finally, US Bancorp DE boosted its holdings in shares of Warrior Met Coal by 4,886.7% in the 4th quarter. US Bancorp DE now owns 16,157 shares of the company’s stock valued at $985,000 after buying an additional 15,833 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the sale, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the transaction, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the transaction, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley dropped their price objective on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and three have issued 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 $72.60.

Warrior Met Coal Stock Performance

Shares of HCC opened at $52.07 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 6.27 and a beta of 1.02. Warrior Met Coal, Inc. has a one year low of $42.95 and a one year high of $75.53. The company has a 50-day moving average of $62.96 and a two-hundred day moving average of $63.09.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The company had revenue of $396.52 million for the quarter, compared to analysts’ expectations of $387.91 million. During the same quarter in the previous year, the business posted $1.63 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts expect that Warrior Met Coal, Inc. will post 6.87 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. Warrior Met Coal’s dividend payout ratio is 3.85%.

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.