Warrior Met Coal (NYSE:HCC – Get Free Report)’s share price fell 4.8% during mid-day trading on Friday . The stock traded as low as $44.85 and last traded at $44.75. 237,799 shares were traded during trading, a decline of 74% from the average session volume of 910,566 shares. The stock had previously closed at $47.01.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on HCC shares. B. Riley reduced their target price on shares of Warrior Met Coal from $86.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. UBS Group reduced their target price on shares of Warrior Met Coal from $68.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th.
Check Out Our Latest Stock Report on Warrior Met Coal
Warrior Met Coal Stock Down 8.1%
Warrior Met Coal (NYSE:HCC – Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). Warrior Met Coal had a return on equity of 5.41% and a net margin of 7.98%. The firm had revenue of $299.94 million for the quarter, compared to analysts’ expectations of $296.39 million. During the same period last year, the firm earned $2.63 earnings per share. Warrior Met Coal’s revenue for the quarter was down 40.4% on a year-over-year basis. As a group, analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.
Warrior Met Coal Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Monday, May 5th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.74%. Warrior Met Coal’s dividend payout ratio is currently 15.92%.
Hedge Funds Weigh In On Warrior Met Coal
Large investors have recently made changes to their positions in the stock. River Road Asset Management LLC lifted its holdings in shares of Warrior Met Coal by 2.1% in the 4th quarter. River Road Asset Management LLC now owns 888,388 shares of the company’s stock worth $48,186,000 after acquiring an additional 18,031 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in Warrior Met Coal by 14.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 58,877 shares of the company’s stock worth $3,193,000 after buying an additional 7,426 shares during the period. Hosking Partners LLP increased its stake in Warrior Met Coal by 9.6% during the 4th quarter. Hosking Partners LLP now owns 524,833 shares of the company’s stock worth $28,467,000 after buying an additional 45,868 shares during the period. Forest Avenue Capital Management LP increased its stake in Warrior Met Coal by 32.5% during the 4th quarter. Forest Avenue Capital Management LP now owns 545,189 shares of the company’s stock worth $29,571,000 after buying an additional 133,642 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Warrior Met Coal during the 4th quarter worth approximately $1,300,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.
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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