Bank of New York Mellon Corp decreased its holdings in Warrior Met Coal Inc (NYSE:HCC) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 842,364 shares of the company’s stock after selling 95,104 shares during the period. Bank of New York Mellon Corp owned approximately 1.65% of Warrior Met Coal worth $12,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Warrior Met Coal by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 1,358,822 shares of the company’s stock valued at $14,430,000 after purchasing an additional 6,388 shares during the last quarter. Geode Capital Management LLC raised its position in Warrior Met Coal by 8.7% in the first quarter. Geode Capital Management LLC now owns 720,194 shares of the company’s stock valued at $7,648,000 after purchasing an additional 57,596 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Warrior Met Coal by 21.3% during the first quarter. Invesco Ltd. now owns 484,451 shares of the company’s stock valued at $5,145,000 after purchasing an additional 85,035 shares in the last quarter. O Keefe Stevens Advisory Inc. bought a new stake in shares of Warrior Met Coal during the second quarter worth about $3,170,000. Finally, Denali Advisors LLC increased its stake in shares of Warrior Met Coal by 88.8% in the second quarter. Denali Advisors LLC now owns 203,500 shares of the company’s stock valued at $3,132,000 after buying an additional 95,700 shares during the period.

NYSE HCC opened at $19.01 on Wednesday. The company has a fifty day simple moving average of $15.91 and a 200 day simple moving average of $14.52. Warrior Met Coal Inc has a 12-month low of $9.46 and a 12-month high of $23.73. The company has a current ratio of 3.96, a quick ratio of 2.79 and a debt-to-equity ratio of 0.52. The company has a market cap of $973.05 million, a P/E ratio of 12.51 and a beta of 1.22.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Warrior Met Coal had a net margin of 8.85% and a return on equity of 8.22%. The business had revenue of $163.70 million during the quarter, compared to analyst estimates of $153.79 million. During the same period in the previous year, the business posted $2.16 EPS. The business’s revenue for the quarter was down 58.8% compared to the same quarter last year. Sell-side analysts predict that Warrior Met Coal Inc will post 1.54 EPS for the current year.

HCC has been the subject of a number of research reports. ValuEngine lowered shares of Warrior Met Coal from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Zacks Investment Research lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Warrior Met Coal currently has a consensus rating of “Buy” and a consensus target price of $21.50.

Warrior Met Coal Profile

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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