Warrior Met Coal $HCC Stake Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of Warrior Met Coal (NYSE:HCC) by 64.5% in the second quarter, HoldingsChannel reports. The fund owned 277,713 shares of the company’s stock after selling 504,207 shares during the quarter. JPMorgan Chase & Co.’s holdings in Warrior Met Coal were worth $12,728,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cynosure Group LLC boosted its holdings in shares of Warrior Met Coal by 27.7% during the first quarter. Cynosure Group LLC now owns 6,989 shares of the company’s stock worth $334,000 after purchasing an additional 1,515 shares during the period. Covestor Ltd lifted its position in Warrior Met Coal by 14.6% in the 1st quarter. Covestor Ltd now owns 2,622 shares of the company’s stock worth $125,000 after buying an additional 335 shares in the last quarter. Nuveen LLC purchased a new stake in Warrior Met Coal in the 1st quarter worth approximately $6,761,000. Public Sector Pension Investment Board boosted its stake in shares of Warrior Met Coal by 27.8% during the 1st quarter. Public Sector Pension Investment Board now owns 166,629 shares of the company’s stock valued at $7,952,000 after buying an additional 36,280 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of Warrior Met Coal by 29.0% during the 1st quarter. Russell Investments Group Ltd. now owns 90,067 shares of the company’s stock valued at $4,298,000 after acquiring an additional 20,235 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Trading Down 1.1%

HCC stock opened at $81.74 on Monday. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $85.86. The firm has a market cap of $4.30 billion, a P/E ratio of 122.00 and a beta of 0.68. The business’s 50 day moving average is $71.29 and its 200-day moving average is $59.79. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.91. The business had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS. Equities analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were given a dividend of $0.08 per share. The ex-dividend date was Friday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio is 47.76%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HCC shares. BMO Capital Markets increased their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. B. Riley restated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Wall Street Zen raised Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Zacks Research raised shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.75.

Insiders Place Their Bets

In related news, CEO Walter J. Scheller sold 18,966 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the completion of the sale, the chief executive officer directly owned 394,183 shares of the company’s stock, valued at $29,563,725. This trade represents a 4.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by corporate insiders.

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.