Public Employees Retirement System of Ohio Lowers Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Public Employees Retirement System of Ohio cut its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 86.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,526 shares of the company’s stock after selling 9,389 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Warrior Met Coal were worth $98,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Louisiana State Employees Retirement System increased its holdings in Warrior Met Coal by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the company’s stock worth $1,651,000 after acquiring an additional 500 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Warrior Met Coal by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 543,020 shares of the company’s stock worth $34,085,000 after purchasing an additional 16,574 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of 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 purchasing an additional 599 shares during the last quarter. Hosking Partners LLP lifted its stake in Warrior Met Coal by 68.9% in the 2nd quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock valued at $30,264,000 after buying an additional 196,601 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in Warrior Met Coal in the 2nd quarter worth about $160,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their target price on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.75.

Warrior Met Coal Stock Down 1.7 %

HCC stock opened at $54.93 on Monday. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average of $65.37 and a two-hundred day moving average of $63.71. Warrior Met Coal, Inc. has a 12 month low of $50.60 and a 12 month high of $75.53. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 7.59 and a beta of 1.03.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.40. The firm had revenue of $327.72 million for 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 firm’s revenue was down 22.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 earnings per share. As a group, analysts forecast that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were issued 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 0.58%. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

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.