Russell Investments Group Ltd. Reduces Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Russell Investments Group Ltd. lowered its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,111 shares of the company’s stock after selling 15,596 shares during the period. Russell Investments Group Ltd. owned 0.21% of Warrior Met Coal worth $6,652,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Meixler Investment Management Ltd. increased its position in Warrior Met Coal by 6.1% in the fourth quarter. Meixler Investment Management Ltd. now owns 46,252 shares of the company’s stock worth $2,820,000 after buying an additional 2,642 shares during the last quarter. Yousif Capital Management LLC raised its stake in Warrior Met Coal by 5.8% in the 4th quarter. Yousif Capital Management LLC now owns 28,584 shares of the company’s stock valued at $1,743,000 after acquiring an additional 1,558 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Warrior Met Coal by 4.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 29,409 shares of the company’s stock valued at $1,793,000 after purchasing an additional 1,297 shares during the last quarter. Private Client Services LLC bought a new position in Warrior Met Coal during the fourth quarter worth about $851,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Warrior Met Coal in the fourth quarter worth about $1,585,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $64.84 on Thursday. Warrior Met Coal, Inc. has a twelve month low of $31.97 and a twelve month high of $71.91. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.39 billion, a P/E ratio of 7.80 and a beta of 1.05. The business’s 50-day moving average price is $61.30 and its two-hundred day moving average price is $59.01.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.61. The business had revenue of $503.50 million during the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. Warrior Met Coal’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.57 earnings per share. As a group, equities analysts predict that Warrior Met Coal, Inc. will post 6.98 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Insider Transactions at Warrior Met Coal

In other news, Director Alan H. Schumacher acquired 2,000 shares of Warrior Met Coal stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of $58.15 per share, for a total transaction of $116,300.00. Following the transaction, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

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

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.