Citigroup Inc. Purchases 33,272 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Citigroup Inc. raised its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 61.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,441 shares of the company’s stock after acquiring an additional 33,272 shares during the quarter. Citigroup Inc.’s holdings in Warrior Met Coal were worth $5,587,000 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. GAMMA Investing LLC grew 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 worth $32,000 after buying an additional 144 shares during the period. Blue Trust Inc. lifted its holdings in Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after purchasing an additional 180 shares during the last quarter. Ausbil Investment Management Ltd acquired a new position in shares of Warrior Met Coal in the second quarter valued at approximately $82,000. KBC Group NV boosted its holdings in Warrior Met Coal by 29.7% in the 3rd quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after purchasing an additional 392 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Warrior Met Coal by 34.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock worth $145,000 after buying an additional 599 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. B. Riley boosted their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.75.

Warrior Met Coal Price Performance

HCC opened at $70.32 on Monday. The firm has a 50-day moving average price of $65.18 and a 200-day moving average price of $64.08. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a twelve month low of $50.60 and a twelve month high of $75.53. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 9.71 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The firm had revenue of $327.72 million for the quarter, compared to analysts’ expectations of $322.21 million. During the same quarter last year, the firm posted $1.85 EPS. The company’s revenue was down 22.6% compared to the same quarter last year. Equities analysts expect that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 4.42%.

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.