American International Group Inc. lowered its position in Warrior Met Coal, Inc. (NYSE:HCC) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,612 shares of the company’s stock after selling 865 shares during the quarter. American International Group Inc. owned 0.07% of Warrior Met Coal worth $738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in HCC. Guggenheim Capital LLC bought a new stake in Warrior Met Coal in the third quarter valued at approximately $208,000. Charles Schwab Investment Management Inc. boosted its holdings in Warrior Met Coal by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 886,651 shares of the company’s stock valued at $15,144,000 after acquiring an additional 44,074 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in Warrior Met Coal in the third quarter valued at approximately $415,000. Point72 Asset Management L.P. bought a new stake in Warrior Met Coal in the third quarter valued at approximately $11,046,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Warrior Met Coal in the third quarter valued at approximately $54,000. 98.18% of the stock is owned by institutional investors.
HCC has been the topic of several analyst reports. Roth Capital upped their target price on Warrior Met Coal from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, February 26th. B. Riley upped their target price on Warrior Met Coal from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, February 25th. BMO Capital Markets cut Warrior Met Coal from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a report on Thursday, December 17th. Deutsche Bank Aktiengesellschaft cut Warrior Met Coal from a “buy” rating to a “hold” rating and cut their price target for the stock from $26.00 to $21.00 in a report on Wednesday, January 13th. Finally, Zacks Investment Research upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Tuesday, March 16th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Warrior Met Coal has a consensus rating of “Hold” and a consensus price target of $21.57.
Warrior Met Coal (NYSE:HCC) last issued its earnings results on Tuesday, February 23rd. The company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.30). Warrior Met Coal had a return on equity of 1.04% and a net margin of 2.41%. The firm had revenue of $212.25 million during the quarter, compared to the consensus estimate of $194.55 million. On average, analysts expect that Warrior Met Coal, Inc. will post -0.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 8th. Investors of record on Monday, March 1st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, February 26th. Warrior Met Coal’s dividend payout ratio is currently 3.62%.
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.
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