Mercer Global Advisors Inc. ADV Sells 1,457 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Mercer Global Advisors Inc. ADV lowered its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 21.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,361 shares of the company’s stock after selling 1,457 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Warrior Met Coal were worth $291,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. boosted its stake in shares of Warrior Met Coal by 5.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company’s stock valued at $294,000 after purchasing an additional 260 shares in the last quarter. Graham Capital Wealth Management LLC boosted its stake in shares of Warrior Met Coal by 0.6% during the fourth quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company’s stock valued at $2,594,000 after purchasing an additional 273 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Warrior Met Coal by 2.6% during the fourth quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company’s stock valued at $577,000 after purchasing an additional 276 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Warrior Met Coal by 31.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after purchasing an additional 279 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Warrior Met Coal by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 5,878 shares of the company’s stock valued at $319,000 after purchasing an additional 314 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of HCC opened at $47.01 on Friday. Warrior Met Coal, Inc. has a 1 year low of $38.00 and a 1 year high of $75.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.20 and a quick ratio of 3.99. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 9.81 and a beta of 0.75. The business has a 50-day moving average of $47.18 and a 200-day moving average of $54.30.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The company had revenue of $299.94 million for the quarter, compared to the consensus estimate of $296.39 million. During the same quarter last year, the business earned $2.63 earnings per share. Warrior Met Coal’s revenue was down 40.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. Warrior Met Coal’s dividend payout ratio (DPR) is 15.92%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HCC shares. UBS Group cut their price target on Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, B. Riley cut their price target on Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, April 11th.

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.