Hartree Partners LP Takes $8.76 Million Position in Warrior Met Coal, Inc. (NYSE:HCC)

Hartree Partners LP purchased a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 161,513 shares of the company’s stock, valued at approximately $8,760,000. Warrior Met Coal makes up 3.3% of Hartree Partners LP’s holdings, making the stock its 8th largest holding. Hartree Partners LP owned approximately 0.31% of Warrior Met Coal as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new stake in shares of Warrior Met Coal in the 4th quarter worth $43,000. GAMMA Investing LLC grew its holdings in shares of Warrior Met Coal by 56.7% during the fourth quarter. GAMMA Investing LLC now owns 989 shares of the company’s stock worth $54,000 after purchasing an additional 358 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Warrior Met Coal by 304.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,382 shares of the company’s stock worth $75,000 after purchasing an additional 1,040 shares in the last quarter. Wolverine Asset Management LLC raised its position in Warrior Met Coal by 264.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,741 shares of the company’s stock worth $94,000 after purchasing an additional 2,800 shares during the period. Finally, KBC Group NV increased its stake in shares of Warrior Met Coal by 25.0% in the fourth quarter. KBC Group NV now owns 2,139 shares of the company’s stock worth $116,000 after buying an additional 428 shares during the period. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $48.62 on Friday. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 52 week low of $44.62 and a 52 week high of $75.53. The business’s 50 day moving average price is $50.66 and its 200 day moving average price is $57.62. The firm has a market cap of $2.56 billion, a P/E ratio of 10.15 and a beta of 1.10.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company had revenue of $297.47 million during the quarter, compared to analyst estimates of $331.70 million. On average, sell-side analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is 6.68%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HCC. B. Riley decreased their price target on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group cut their price objective on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

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.