Thrivent Financial for Lutherans Cuts Position in Warrior Met Coal, Inc. (NYSE:HCC)

Thrivent Financial for Lutherans decreased its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 40,435 shares of the company’s stock after selling 644 shares during the period. Thrivent Financial for Lutherans’ holdings in Warrior Met Coal were worth $2,193,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings in shares of Warrior Met Coal by 61.4% during the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock valued at $5,587,000 after buying an additional 33,272 shares in the last quarter. FMR LLC grew its position in Warrior Met Coal by 8.6% during the third quarter. FMR LLC now owns 3,210,531 shares of the company’s stock valued at $205,153,000 after acquiring an additional 254,540 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of Warrior Met Coal by 26.2% during the third quarter. Townsquare Capital LLC now owns 4,375 shares of the company’s stock worth $280,000 after acquiring an additional 907 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of Warrior Met Coal by 648.7% during the third quarter. Bridgewater Associates LP now owns 129,741 shares of the company’s stock worth $8,290,000 after acquiring an additional 112,412 shares in the last quarter. Finally, Epacria Capital Partners LLC boosted its stake in shares of Warrior Met Coal by 213.5% in the 3rd quarter. Epacria Capital Partners LLC now owns 19,432 shares of the company’s stock valued at $1,242,000 after purchasing an additional 13,233 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Trading Down 3.3 %

NYSE:HCC opened at $48.62 on Friday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 10.15 and a beta of 1.10. Warrior Met Coal, Inc. has a 52 week low of $44.62 and a 52 week high of $75.53. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $50.66 and a 200 day moving average of $57.58.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The firm had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $331.70 million. On average, research analysts predict that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were given a $0.08 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.66%. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

Analysts Set New Price Targets

A number of brokerages recently commented on HCC. Jefferies Financial Group decreased their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. B. Riley decreased their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average price target of $74.00.

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.