Sanctuary Advisors LLC Invests $589,000 in Warrior Met Coal, Inc. (NYSE:HCC)

Sanctuary Advisors LLC acquired a new stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the second quarter, according to its most recent filing with the SEC. The fund acquired 9,387 shares of the company’s stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after acquiring an additional 144 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Warrior Met Coal by 1.2% in the second quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company’s stock worth $1,213,000 after purchasing an additional 231 shares during the last quarter. Evergreen Capital Management LLC increased its stake in shares of Warrior Met Coal by 6.3% during the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company’s stock valued at $245,000 after buying an additional 231 shares during the period. Sei Investments Co. raised its holdings in Warrior Met Coal by 1.2% in the 1st quarter. Sei Investments Co. now owns 23,202 shares of the company’s stock worth $1,408,000 after purchasing an additional 277 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in Warrior Met Coal by 4.5% in the second quarter. QRG Capital Management Inc. now owns 6,397 shares of the company’s stock worth $402,000 after buying an additional 277 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Trading Up 1.5 %

Shares of HCC stock opened at $64.84 on Tuesday. Warrior Met Coal, Inc. has a 1 year low of $44.76 and a 1 year high of $75.53. The firm has a fifty day moving average price of $58.91 and a 200-day moving average price of $63.50. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 7.80 and a beta of 1.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37.

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

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. Warrior Met Coal’s dividend payout ratio is 3.85%.

Analysts Set New Price Targets

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

Warrior Met Coal Company Profile

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.