Vest Financial LLC Has $2.48 Million Position in Warrior Met Coal $HCC

Vest Financial LLC reduced its position in shares of Warrior Met Coal (NYSE:HCC) by 0.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 54,034 shares of the company’s stock after selling 244 shares during the quarter. Vest Financial LLC’s holdings in Warrior Met Coal were worth $2,476,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HCC. GAMMA Investing LLC boosted its position in Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock valued at $62,000 after purchasing an additional 253 shares during the last quarter. Covestor Ltd boosted its position in Warrior Met Coal by 14.6% during the first quarter. Covestor Ltd now owns 2,622 shares of the company’s stock valued at $125,000 after purchasing an additional 335 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Warrior Met Coal by 5,565.4% during the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock valued at $142,000 after purchasing an additional 2,894 shares during the last quarter. KBC Group NV boosted its position in Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company’s stock valued at $145,000 after purchasing an additional 894 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its position in Warrior Met Coal by 325.0% during the first quarter. FNY Investment Advisers LLC now owns 3,400 shares of the company’s stock valued at $162,000 after purchasing an additional 2,600 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen raised Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets set a $55.00 price target on Warrior Met Coal and gave the company a “market perform” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. UBS Group upped their price objective on Warrior Met Coal from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Hold” and a consensus target price of $65.50.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $67.26 on Wednesday. The firm has a market cap of $3.54 billion, a P/E ratio of 87.35 and a beta of 0.78. The company has a current ratio of 4.59, a quick ratio of 3.44 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $75.15. The business’s 50 day moving average is $61.25 and its 200-day moving average is $52.61.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.39. The company had revenue of $297.52 million for the quarter, compared to analyst estimates of $285.63 million. Warrior Met Coal had a return on equity of 2.26% and a net margin of 3.30%.The firm’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 earnings per share. Equities research analysts predict that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 8th were paid a dividend of $0.08 per share. The ex-dividend date was Friday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Warrior Met Coal’s dividend payout ratio (DPR) is 41.56%.

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.