Allianz Asset Management GmbH Cuts Stock Holdings in Warrior Met Coal $HCC

Allianz Asset Management GmbH cut its holdings in Warrior Met Coal (NYSE:HCC) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,413,277 shares of the company’s stock after selling 29,656 shares during the period. Allianz Asset Management GmbH’s holdings in Warrior Met Coal were worth $64,770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HCC. Principal Financial Group Inc. boosted its position in shares of Warrior Met Coal by 3.4% during the first quarter. Principal Financial Group Inc. now owns 322,545 shares of the company’s stock valued at $15,392,000 after buying an additional 10,608 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Warrior Met Coal during the 1st quarter valued at about $334,000. Kennondale Capital Management LLC grew its stake in shares of Warrior Met Coal by 39.1% in the first quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company’s stock worth $1,841,000 after acquiring an additional 10,839 shares during the period. Comerica Bank raised its holdings in shares of Warrior Met Coal by 29.8% during the first quarter. Comerica Bank now owns 27,009 shares of the company’s stock valued at $1,289,000 after purchasing an additional 6,197 shares during the last quarter. Finally, Skylands Capital LLC bought a new position in Warrior Met Coal during the first quarter valued at approximately $1,312,000. Institutional investors own 92.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HCC. Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. B. Riley dropped their target price on Warrior Met Coal from $76.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, July 22nd. Finally, UBS Group boosted their price target on Warrior Met Coal from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $65.50.

Warrior Met Coal Price Performance

NYSE HCC opened at $65.05 on Friday. The business’s fifty day moving average is $61.69 and its 200 day moving average is $52.95. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59. The company has a market capitalization of $3.42 billion, a PE ratio of 84.48 and a beta of 0.78.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The firm had revenue of $297.52 million for the quarter, compared to the consensus estimate of $285.63 million. During the same quarter last year, the company earned $1.35 earnings per share. The business’s revenue for the quarter was down 25.0% compared to the same quarter last year. Sell-side analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 8th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.32 annualized dividend and a yield of 0.5%. Warrior Met Coal’s payout ratio is currently 41.56%.

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.