US Bancorp DE Cuts Position in Warrior Met Coal, Inc. (NYSE:HCC)

US Bancorp DE cut its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 95.8% in the third quarter, HoldingsChannel.com reports. The fund owned 400 shares of the company’s stock after selling 9,084 shares during the period. US Bancorp DE’s holdings in Warrior Met Coal were worth $26,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wulff Hansen & CO. lifted its stake in shares of Warrior Met Coal by 6,177.0% in the second quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after buying an additional 326,269 shares in the last quarter. Hosking Partners LLP grew its stake in shares of Warrior Met Coal by 68.9% in the second quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock valued at $30,264,000 after buying an additional 196,601 shares in the last quarter. Clearbridge Investments LLC acquired a new position in Warrior Met Coal in the 1st quarter valued at about $9,234,000. Merewether Investment Management LP purchased a new stake in Warrior Met Coal during the 2nd quarter worth approximately $9,190,000. Finally, Forest Avenue Capital Management LP raised its stake in shares of Warrior Met Coal by 91.3% in the second quarter. Forest Avenue Capital Management LP now owns 211,014 shares of the company’s stock valued at $13,245,000 after acquiring an additional 100,714 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Up 2.2 %

Shares of NYSE:HCC opened at $66.99 on Tuesday. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 9.25 and a beta of 1.02. Warrior Met Coal, Inc. has a fifty-two week low of $50.60 and a fifty-two week high of $75.53. The firm’s 50-day simple moving average is $62.20 and its 200-day simple moving average is $63.73.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. During the same quarter last year, the company earned $1.85 earnings per share. Warrior Met Coal’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, equities research analysts predict that Warrior Met Coal, Inc. will post 5.62 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, November 12th. Investors of record on Tuesday, November 5th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

Analyst Ratings Changes

Several brokerages recently weighed in on HCC. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley raised their price target on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Hold” and a consensus price target of $75.75.

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.