Franklin Resources Inc. Sells 42,617 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Franklin Resources Inc. reduced its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 69.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,592 shares of the company’s stock after selling 42,617 shares during the period. Franklin Resources Inc.’s holdings in Warrior Met Coal were worth $1,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HCC. FNY Investment Advisers LLC acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $43,000. GAMMA Investing LLC grew its position in Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock valued at $54,000 after purchasing an additional 358 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 304.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock valued at $75,000 after purchasing an additional 1,040 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of Warrior Met Coal by 264.4% during the fourth quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock valued at $94,000 after purchasing an additional 2,800 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Warrior Met Coal by 25.0% in the fourth quarter. KBC Group NV now owns 2,139 shares of the company’s stock valued at $116,000 after acquiring an additional 428 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Up 1.2 %

Shares of NYSE HCC opened at $47.34 on Wednesday. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12 month low of $38.00 and a 12 month high of $75.53. The firm has a fifty day simple moving average of $48.12 and a two-hundred day simple moving average of $56.50. The firm has a market capitalization of $2.49 billion, a PE ratio of 9.88 and a beta of 0.80.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $331.70 million. Equities analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, February 24th. Warrior Met Coal’s payout ratio is currently 6.68%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. B. Riley lowered their price objective on shares of Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Jefferies Financial Group cut their price objective 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.

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.