UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,110 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 12.1% during the third quarter, Holdings Channel.com reports. The firm owned 95,448 shares of the company’s stock after selling 13,110 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Warrior Met Coal were worth $6,099,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HCC. Wulff Hansen & CO. raised its holdings in Warrior Met Coal by 6,177.0% in the second quarter. Wulff Hansen & CO. now owns 331,551 shares of the company’s stock worth $20,811,000 after purchasing an additional 326,269 shares during the period. FMR LLC increased its stake in shares of Warrior Met Coal by 8.6% during the 3rd quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after purchasing an additional 254,540 shares during the last quarter. Forest Avenue Capital Management LP increased its stake in shares of Warrior Met Coal by 95.0% during the 3rd quarter. Forest Avenue Capital Management LP now owns 411,547 shares of the company’s stock worth $26,298,000 after purchasing an additional 200,533 shares during the last quarter. Hosking Partners LLP boosted its holdings in shares of Warrior Met Coal by 68.9% during the 2nd quarter. Hosking Partners LLP now owns 482,147 shares of the company’s stock worth $30,264,000 after buying an additional 196,601 shares during the period. Finally, River Road Asset Management LLC boosted its holdings in shares of Warrior Met Coal by 22.9% during the 3rd quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after buying an additional 162,387 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, B. Riley boosted their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three investment 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.com, the company presently has an average rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Trading Up 1.7 %

Shares of NYSE HCC opened at $64.48 on Wednesday. The firm has a 50 day moving average price of $65.90 and a two-hundred day moving average price of $64.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. Warrior Met Coal, Inc. has a 52-week low of $50.60 and a 52-week high of $75.53. The stock has a market cap of $3.37 billion, a P/E ratio of 8.91 and a beta of 1.03.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same period in the prior year, the firm earned $1.85 earnings per share. Warrior Met Coal’s revenue was down 22.6% on a year-over-year basis. As a group, equities analysts forecast that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.50%. 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.