Sei Investments Co. Buys 13,021 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Sei Investments Co. increased its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 56.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,223 shares of the company’s stock after purchasing an additional 13,021 shares during the period. Sei Investments Co. owned approximately 0.07% of Warrior Met Coal worth $2,274,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after purchasing an additional 144 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter worth $54,000. Ausbil Investment Management Ltd bought a new stake in shares of Warrior Met Coal during the 2nd quarter worth $82,000. Meeder Asset Management Inc. acquired a new stake in Warrior Met Coal in the first quarter valued at about $104,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Warrior Met Coal in the first quarter valued at about $104,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

HCC stock opened at $63.93 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37. Warrior Met Coal, Inc. has a 52-week low of $44.76 and a 52-week high of $75.53. The company has a market capitalization of $3.34 billion, a P/E ratio of 7.74 and a beta of 1.02. The company has a fifty day moving average price of $59.27 and a 200-day moving average price of $63.14.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The firm had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. During the same quarter in the previous year, the company posted $1.63 EPS. The business’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts expect that Warrior Met Coal, Inc. will post 5.55 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio is presently 3.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley dropped their price objective on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Warrior Met Coal currently has an average rating of “Hold” and an average price target of $75.75.

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.