Warrior Met Coal Inc (NYSE:HCC) Stock Holdings Trimmed by New York State Teachers Retirement System

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New York State Teachers Retirement System reduced its position in Warrior Met Coal Inc (NYSE:HCC) by 9.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,846 shares of the company’s stock after selling 4,320 shares during the quarter. New York State Teachers Retirement System’s holdings in Warrior Met Coal were worth $629,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. increased its holdings in Warrior Met Coal by 8.8% in the fourth quarter. Macquarie Group Ltd. now owns 12,212 shares of the company’s stock valued at $258,000 after buying an additional 985 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Warrior Met Coal by 269.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,401 shares of the company’s stock valued at $30,000 after acquiring an additional 1,022 shares during the period. Comerica Bank boosted its stake in Warrior Met Coal by 3.1% in the first quarter. Comerica Bank now owns 49,607 shares of the company’s stock valued at $499,000 after acquiring an additional 1,504 shares during the period. PNC Financial Services Group Inc. boosted its stake in Warrior Met Coal by 47.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,903 shares of the company’s stock valued at $51,000 after acquiring an additional 1,578 shares during the period. Finally, Stone Ridge Asset Management LLC boosted its stake in Warrior Met Coal by 6.2% in the first quarter. Stone Ridge Asset Management LLC now owns 28,907 shares of the company’s stock valued at $307,000 after acquiring an additional 1,700 shares during the period.

Several equities analysts have recently issued reports on HCC shares. TheStreet upgraded Warrior Met Coal from a “d+” rating to a “c” rating in a research report on Wednesday, April 29th. B. Riley reduced their price objective on Warrior Met Coal from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. ValuEngine upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Zacks Investment Research downgraded Warrior Met Coal from a “hold” rating to a “sell” rating in a research report on Tuesday, July 21st. Finally, Citigroup reduced their price objective on Warrior Met Coal from $26.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.43.

HCC opened at $15.92 on Friday. The company has a market capitalization of $814.63 million, a price-to-earnings ratio of 4.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.25 and a quick ratio of 3.37. Warrior Met Coal Inc has a 1-year low of $9.46 and a 1-year high of $26.50. The business has a 50 day moving average price of $15.49 and a two-hundred day moving average price of $15.56.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.17). The firm had revenue of $226.70 million during the quarter, compared to analyst estimates of $219.78 million. Warrior Met Coal had a return on equity of 24.44% and a net margin of 19.06%. The business’s revenue for the quarter was down 40.1% on a year-over-year basis. During the same quarter last year, the company earned $2.30 earnings per share. Equities analysts expect that Warrior Met Coal Inc will post 1.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Friday, August 7th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.26%. Warrior Met Coal’s dividend payout ratio (DPR) is 3.62%.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports 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.

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Institutional Ownership by Quarter for Warrior Met Coal (NYSE:HCC)

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