Warrior Met Coal, Inc. (NYSE:HCC) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,852 shares of the company’s stock after selling 855 shares during the period. State of Alaska Department of Revenue’s holdings in Warrior Met Coal were worth $1,907,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HCC. GAMMA Investing LLC increased its position in shares of Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares in the last quarter. Blue Trust Inc. raised its position in shares of Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after buying an additional 180 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Warrior Met Coal in the first quarter worth about $54,000. Ausbil Investment Management Ltd acquired a new position in Warrior Met Coal during the second quarter worth about $82,000. Finally, Meeder Asset Management Inc. acquired a new position in Warrior Met Coal during the first quarter worth about $104,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $64.66 on Friday. The company’s 50-day moving average is $59.65 and its two-hundred day moving average is $63.66. Warrior Met Coal, Inc. has a 1-year low of $44.76 and a 1-year high of $75.53. 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 firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 8.93 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. The firm had revenue of $327.72 million for the quarter, compared to analysts’ expectations of $322.21 million. Warrior Met Coal had a return on equity of 19.29% and a net margin of 23.77%. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.85 earnings per share. Analysts forecast that Warrior Met Coal, Inc. will post 5.15 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio (DPR) is 4.42%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HCC. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley lifted their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal 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.