Clearbridge Investments LLC Sells 6,450 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Clearbridge Investments LLC cut its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,932 shares of the company’s stock after selling 6,450 shares during the quarter. Clearbridge Investments LLC’s holdings in Warrior Met Coal were worth $7,698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HCC. Townsquare Capital LLC increased its position in shares of Warrior Met Coal by 26.2% during the third quarter. Townsquare Capital LLC now owns 4,375 shares of the company’s stock valued at $280,000 after purchasing an additional 907 shares during the period. Centiva Capital LP increased its holdings in Warrior Met Coal by 14.0% in the 3rd quarter. Centiva Capital LP now owns 6,999 shares of the company’s stock valued at $447,000 after buying an additional 861 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Warrior Met Coal by 10.8% during the 3rd quarter. HighTower Advisors LLC now owns 5,564 shares of the company’s stock worth $357,000 after acquiring an additional 544 shares during the period. Merewether Investment Management LP boosted its position in shares of Warrior Met Coal by 441.9% during the 3rd quarter. Merewether Investment Management LP now owns 793,300 shares of the company’s stock valued at $50,692,000 after acquiring an additional 646,900 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. increased its stake in Warrior Met Coal by 193.9% in the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock valued at $93,357,000 after acquiring an additional 963,892 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on HCC shares. Jefferies Financial Group cut their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, B. Riley dropped their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Stock Down 2.6 %

Shares of HCC opened at $46.80 on Thursday. The company has a market capitalization of $2.46 billion, a P/E ratio of 9.77 and a beta of 0.80. Warrior Met Coal, Inc. has a one year low of $44.62 and a one year high of $75.53. The business’s 50 day simple moving average is $50.13 and its 200-day simple moving average is $57.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data 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 business had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. As a group, sell-side analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s payout ratio 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.