New York State Common Retirement Fund Sells 2,664 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

New York State Common Retirement Fund lessened its position in Warrior Met Coal, Inc. (NYSE:HCC) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,841 shares of the company’s stock after selling 2,664 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Warrior Met Coal worth $1,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HCC. Millburn Ridgefield Corp bought a new position in Warrior Met Coal during the third quarter valued at approximately $32,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Warrior Met Coal in the fourth quarter worth $38,000. Schneider Downs Wealth Management Advisors LP purchased a new stake in Warrior Met Coal during the third quarter valued at $204,000. Kingsview Wealth Management LLC purchased a new stake in Warrior Met Coal during the third quarter valued at $208,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Warrior Met Coal in the third quarter valued at about $224,000. Institutional investors own 92.28% of the company’s stock.

Insider Activity

In related news, Director Alan H. Schumacher bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the transaction, the director now owns 30,270 shares in the company, valued at $1,760,200.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price target for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd. UBS Group initiated coverage on Warrior Met Coal in a research note on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 price objective for the company. BMO Capital Markets raised their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Finally, B. Riley boosted their price target on Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.80.

Warrior Met Coal Stock Down 1.9 %

HCC opened at $64.84 on Thursday. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 7.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.85 and a current ratio of 6.86. The firm’s fifty day moving average is $61.30 and its 200 day moving average is $59.01. Warrior Met Coal, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $71.91.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.61. The firm had revenue of $503.50 million during the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a return on equity of 24.71% and a net margin of 25.94%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.57 earnings per share. On average, sell-side analysts forecast that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio (DPR) is currently 3.85%.

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.