Magnetar Financial LLC Sells 13,753 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Magnetar Financial LLC lowered its position in Warrior Met Coal, Inc. (NYSE:HCC) by 69.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,952 shares of the company’s stock after selling 13,753 shares during the period. Magnetar Financial LLC’s holdings in Warrior Met Coal were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FNY Investment Advisers LLC bought a new stake in shares of Warrior Met Coal in the 4th quarter worth approximately $43,000. GAMMA Investing LLC lifted its position in shares of Warrior Met Coal by 56.7% during the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after buying an additional 358 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Warrior Met Coal by 304.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after buying an additional 1,040 shares during the period. Wolverine Asset Management LLC lifted its position in shares of Warrior Met Coal by 264.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock worth $94,000 after buying an additional 2,800 shares during the period. Finally, KBC Group NV lifted its position in shares of Warrior Met Coal by 25.0% during the 4th quarter. KBC Group NV now owns 2,139 shares of the company’s stock worth $116,000 after buying an additional 428 shares during the period. Institutional investors own 92.28% of the company’s stock.

Wall Street Analyst Weigh In

HCC has been the subject of several analyst reports. Jefferies Financial Group cut their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. B. Riley cut their target price on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Trading Down 1.0 %

Shares of HCC opened at $46.64 on Friday. The stock has a fifty day moving average price of $51.18 and a two-hundred day moving average price of $57.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.99 and a current ratio of 5.20. Warrior Met Coal, Inc. has a 52-week low of $44.62 and a 52-week high of $75.53. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 9.74 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data 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 net margin of 16.43% and a return on equity of 12.56%. The business had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Analysts predict that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were paid a $0.08 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.32 annualized dividend and a dividend yield of 0.69%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 6.68%.

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.