Warrior Met Coal $HCC Shares Sold by High Ground Investment Management LLP

High Ground Investment Management LLP lowered its stake in shares of Warrior Met Coal (NYSE:HCC) by 37.1% in the fourth quarter, HoldingsChannel reports. The firm owned 158,344 shares of the company’s stock after selling 93,540 shares during the quarter. Warrior Met Coal makes up approximately 2.0% of High Ground Investment Management LLP’s holdings, making the stock its 6th largest holding. High Ground Investment Management LLP’s holdings in Warrior Met Coal were worth $13,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Warrior Met Coal by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,351 shares during the period. Intech Investment Management LLC raised its stake in Warrior Met Coal by 14.6% during the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock valued at $1,661,000 after acquiring an additional 4,441 shares in the last quarter. Hsbc Holdings PLC raised its stake in Warrior Met Coal by 7.7% during the 2nd quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock valued at $300,000 after acquiring an additional 464 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Warrior Met Coal by 217.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after acquiring an additional 467 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in Warrior Met Coal by 75.1% during the 2nd quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock valued at $462,000 after acquiring an additional 4,324 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Up 0.1%

HCC opened at $88.42 on Monday. Warrior Met Coal has a one year low of $40.80 and a one year high of $105.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.27 and a current ratio of 3.19. The stock’s fifty day moving average is $88.02 and its 200-day moving average is $82.62. The company has a market capitalization of $4.67 billion, a PE ratio of 81.12 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The firm had revenue of $383.99 million during the quarter, compared to the consensus estimate of $381.72 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 29.1% on a year-over-year basis. On average, equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 23rd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 23rd. Warrior Met Coal’s payout ratio is currently 29.36%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Citigroup lifted their target price on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group lifted their target price on Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, March 27th. Finally, Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.