Citigroup Inc. decreased its position in shares of Warrior Met Coal, Inc. (NYSE:HCC – Free Report) by 38.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,887 shares of the company’s stock after selling 31,472 shares during the period. Citigroup Inc. owned approximately 0.10% of Warrior Met Coal worth $2,548,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Millburn Ridgefield Corp purchased a new position in Warrior Met Coal during the 3rd quarter valued at approximately $32,000. Point72 Middle East FZE purchased a new position in shares of Warrior Met Coal in the fourth quarter valued at $45,000. Point72 Hong Kong Ltd increased its position in Warrior Met Coal by 4,220.4% in the second quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock worth $65,000 after purchasing an additional 2,068 shares during the last quarter. Captrust Financial Advisors raised its stake in Warrior Met Coal by 86.8% during the first quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock valued at $143,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Covestor Ltd lifted its position in Warrior Met Coal by 23,505.9% during the first quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after purchasing an additional 3,996 shares during the last quarter. 93.89% of the stock is owned by institutional investors.
Warrior Met Coal Price Performance
Warrior Met Coal stock opened at $57.61 on Friday. Warrior Met Coal, Inc. has a 12-month low of $31.97 and a 12-month high of $69.97. The company has a current ratio of 7.24, a quick ratio of 5.99 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $62.12 and a 200-day moving average price of $52.71. The firm has a market capitalization of $3.01 billion, a PE ratio of 6.26 and a beta of 1.13.
Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.67). The firm had revenue of $363.80 million during the quarter, compared to the consensus estimate of $393.04 million. Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 EPS. As a group, equities research analysts forecast that Warrior Met Coal, Inc. will post 8.55 EPS for the current year.
Warrior Met Coal Dividend Announcement
The firm also recently disclosed a None dividend, which will be paid on Thursday, March 7th. Investors of record on Friday, March 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 29th. Warrior Met Coal’s payout ratio is currently 3.48%.
Analyst Ratings Changes
HCC has been the topic of several recent research reports. UBS Group assumed coverage on shares of Warrior Met Coal in a research report on Tuesday, January 16th. They set a “neutral” rating and a $68.00 target price on the stock. BMO Capital Markets raised their price objective on Warrior Met Coal from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd.
View Our Latest Stock Report on HCC
Warrior Met Coal Company 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.
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