Jefferies Financial Group Inc. Lowers Position in Warrior Met Coal, Inc. (NYSE:HCC)

Jefferies Financial Group Inc. cut its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,346 shares of the company’s stock after selling 2,786 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Warrior Met Coal were worth $507,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. River Road Asset Management LLC lifted its stake in Warrior Met Coal by 2.1% in the fourth quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock worth $48,186,000 after acquiring an additional 18,031 shares during the period. Hosking Partners LLP lifted its stake in Warrior Met Coal by 9.6% in the fourth quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock worth $28,467,000 after acquiring an additional 45,868 shares during the period. Forest Avenue Capital Management LP lifted its stake in Warrior Met Coal by 32.5% in the fourth quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company’s stock worth $29,571,000 after acquiring an additional 133,642 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Warrior Met Coal during the fourth quarter valued at about $1,300,000. Finally, Principal Financial Group Inc. lifted its position in shares of Warrior Met Coal by 3.8% during the third quarter. Principal Financial Group Inc. now owns 298,308 shares of the company’s stock valued at $19,062,000 after buying an additional 10,787 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

HCC stock opened at $48.61 on Friday. Warrior Met Coal, Inc. has a one year low of $38.00 and a one year high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 10.15 and a beta of 0.75. The firm has a 50-day simple moving average of $47.18 and a two-hundred day simple moving average of $54.21.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company had revenue of $299.94 million for the quarter, compared to analyst estimates of $296.39 million. During the same quarter last year, the company earned $2.63 EPS. The business’s revenue was down 40.4% compared to the same quarter last year. On average, equities analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal 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 issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.66%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 15.92%.

Wall Street Analyst Weigh In

Several research firms have commented on HCC. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. B. Riley decreased their price target on shares of Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, UBS Group decreased their price target on shares of Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th.

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.