Teacher Retirement System of Texas trimmed its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC – Get Rating) by 27.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,617 shares of the company’s stock after selling 22,908 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of Warrior Met Coal worth $2,134,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd lifted its position in shares of Warrior Met Coal by 4,220.4% during the second quarter. Point72 Hong Kong Ltd now owns 2,117 shares of the company’s stock valued at $65,000 after purchasing an additional 2,068 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Warrior Met Coal by 86.8% in the 1st quarter. Captrust Financial Advisors now owns 3,863 shares of the company’s stock worth $143,000 after acquiring an additional 1,795 shares during the last quarter. Covestor Ltd raised its holdings in Warrior Met Coal by 23,505.9% during the 1st quarter. Covestor Ltd now owns 4,013 shares of the company’s stock valued at $149,000 after buying an additional 3,996 shares during the last quarter. SG Americas Securities LLC bought a new position in Warrior Met Coal in the 4th quarter worth $157,000. Finally, Prelude Capital Management LLC purchased a new stake in shares of Warrior Met Coal in the 3rd quarter worth about $201,000. 98.01% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Citigroup increased their price objective on shares of Warrior Met Coal from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, February 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $46.00.
Warrior Met Coal Price Performance
Warrior Met Coal (NYSE:HCC – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The company reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $1.45. The firm had revenue of $509.70 million for the quarter, compared to analyst estimates of $413.82 million. Warrior Met Coal had a return on equity of 49.16% and a net margin of 36.22%. Warrior Met Coal’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.97 earnings per share. As a group, sell-side analysts expect that Warrior Met Coal, Inc. will post 9.86 earnings per share for the current year.
Warrior Met Coal Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Friday, May 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.80%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 2.14%.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc engages in the production and export of metallurgical coal. The company was founded on September 3, 2015 and is headquartered in Brookwood, AL.
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