Ritholtz Wealth Management Sells 675 Shares of Warrior Met Coal $HCC

Ritholtz Wealth Management decreased its position in shares of Warrior Met Coal (NYSE:HCC) by 4.4% during the second quarter, HoldingsChannel reports. The fund owned 14,565 shares of the company’s stock after selling 675 shares during the quarter. Ritholtz Wealth Management’s holdings in Warrior Met Coal were worth $668,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its position in Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock valued at $62,000 after acquiring an additional 253 shares during the last quarter. Covestor Ltd lifted its stake in Warrior Met Coal by 14.6% in the first quarter. Covestor Ltd now owns 2,622 shares of the company’s stock worth $125,000 after acquiring an additional 335 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Warrior Met Coal by 5,565.4% during the first quarter. Farther Finance Advisors LLC now owns 2,946 shares of the company’s stock valued at $142,000 after buying an additional 2,894 shares during the last quarter. KBC Group NV lifted its position in shares of Warrior Met Coal by 41.8% during the first quarter. KBC Group NV now owns 3,033 shares of the company’s stock valued at $145,000 after buying an additional 894 shares during the last quarter. Finally, Significant Wealth Partners LLC lifted its position in shares of Warrior Met Coal by 26.5% during the first quarter. Significant Wealth Partners LLC now owns 5,005 shares of the company’s stock valued at $239,000 after buying an additional 1,049 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 2.3%

HCC stock opened at $65.05 on Friday. The firm has a 50 day moving average of $61.69 and a 200 day moving average of $52.99. The stock has a market capitalization of $3.42 billion, a PE ratio of 84.48 and a beta of 0.78. The company has a quick ratio of 3.44, a current ratio of 4.59 and a debt-to-equity ratio of 0.12. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $75.15.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.39. The company had revenue of $297.52 million during the quarter, compared to analysts’ expectations of $285.63 million. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. Warrior Met Coal’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS. Sell-side analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 8th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 8th. Warrior Met Coal’s dividend payout ratio is 41.56%.

Wall Street Analysts Forecast Growth

Several analysts have commented on HCC shares. Zacks Research raised shares of Warrior Met Coal from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. UBS Group increased their price target on shares of Warrior Met Coal from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. BMO Capital Markets set a $55.00 price objective on shares of Warrior Met Coal and gave the company a “market perform” rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Warrior Met Coal has a consensus rating of “Hold” and an average price target of $65.50.

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.