Massachusetts Financial Services Co. MA Trims Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Massachusetts Financial Services Co. MA trimmed its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 47.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,648 shares of the company’s stock after selling 10,640 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Warrior Met Coal were worth $744,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after acquiring an additional 144 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 180 shares during the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $82,000. KBC Group NV grew its stake in Warrior Met Coal by 29.7% during the 3rd quarter. KBC Group NV now owns 1,711 shares of the company’s stock worth $109,000 after buying an additional 392 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Warrior Met Coal by 34.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock worth $145,000 after buying an additional 599 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Up 2.1 %

Warrior Met Coal stock opened at $70.32 on Thursday. The stock has a 50 day moving average of $64.22 and a two-hundred day moving average of $63.94. Warrior Met Coal, Inc. has a twelve month low of $50.60 and a twelve month high of $75.53. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 9.71 and a beta of 1.02. 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 issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.40. The firm had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. During the same period last year, the company earned $1.85 earnings per share. As a group, research analysts expect that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. Warrior Met Coal’s dividend payout ratio (DPR) is 4.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley increased their price target on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal has a consensus rating of “Hold” and an average price target of $75.75.

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.