Warrior Met Coal (NYSE:HCC) Hits New 12-Month Low – Here’s Why

Shares of Warrior Met Coal, Inc. (NYSE:HCC) reached a new 52-week low during mid-day trading on Saturday . The company traded as low as $49.33 and last traded at $49.69, with a volume of 2347214 shares. The stock had previously closed at $54.09.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HCC shares. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Friday. B. Riley increased their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group cut their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.00.

Warrior Met Coal Stock Down 8.1 %

The firm has a market cap of $2.60 billion, a P/E ratio of 6.86 and a beta of 1.07. The business’s fifty day moving average price is $55.04 and its two-hundred day moving average price is $59.87. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. As a group, equities research analysts anticipate that Warrior Met Coal, Inc. will post 5.3 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be paid a $0.08 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a yield of 0.64%. Warrior Met Coal’s payout ratio is presently 4.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after buying an additional 180 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Warrior Met Coal in the 4th quarter worth $43,000. GAMMA Investing LLC grew its position in Warrior Met Coal by 56.7% in the 4th quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after purchasing an additional 358 shares during the last quarter. Quadrant Capital Group LLC grew its position in Warrior Met Coal by 31.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock worth $64,000 after purchasing an additional 279 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after purchasing an additional 1,040 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.