Stone Ridge Asset Management LLC lifted its stake in Warrior Met Coal Inc (NYSE:HCC) by 37.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,557 shares of the company’s stock after purchasing an additional 8,249 shares during the quarter. Stone Ridge Asset Management LLC owned about 0.06% of Warrior Met Coal worth $737,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of HCC. Rehmann Capital Advisory Group purchased a new position in Warrior Met Coal in the 3rd quarter worth approximately $58,000. Tower Research Capital LLC TRC purchased a new stake in Warrior Met Coal during the 3rd quarter valued at $173,000. Legal & General Group Plc raised its stake in Warrior Met Coal by 19.9% during the 3rd quarter. Legal & General Group Plc now owns 7,099 shares of the company’s stock valued at $192,000 after buying an additional 1,176 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Warrior Met Coal during the 3rd quarter valued at $199,000. Finally, Quantbot Technologies LP purchased a new stake in Warrior Met Coal during the 3rd quarter valued at $222,000.
In other news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $28.83, for a total transaction of $288,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Walter J. Scheller sold 34,283 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $28.91, for a total transaction of $991,121.53. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.
Shares of HCC stock opened at $28.13 on Monday. Warrior Met Coal Inc has a 1 year low of $20.88 and a 1 year high of $31.65. The company has a quick ratio of 3.31, a current ratio of 3.77 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1.45 billion, a PE ratio of 3.24 and a beta of 0.57.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, February 21st. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.22. Warrior Met Coal had a net margin of 50.56% and a return on equity of 92.83%. The firm had revenue of $360.36 million during the quarter, compared to the consensus estimate of $334.92 million. During the same quarter in the previous year, the firm posted $1.83 EPS. The company’s revenue for the quarter was up 50.3% compared to the same quarter last year. On average, sell-side analysts forecast that Warrior Met Coal Inc will post 5.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, March 1st. Warrior Met Coal’s payout ratio is 2.31%.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. ValuEngine upgraded shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 28th. B. Riley set a $33.00 target price on shares of Warrior Met Coal and gave the company a “hold” rating in a research note on Tuesday, February 26th. Jefferies Financial Group assumed coverage on shares of Warrior Met Coal in a research note on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price for the company. Finally, Citigroup boosted their target price on shares of Warrior Met Coal from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.56.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc produces and exports 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.
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