Wellington Management Group LLP Has $15.60 Million Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Wellington Management Group LLP raised its position in Warrior Met Coal, Inc. (NYSE:HCC) by 141.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,151 shares of the company’s stock after acquiring an additional 143,196 shares during the quarter. Wellington Management Group LLP owned approximately 0.47% of Warrior Met Coal worth $15,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its stake in Warrior Met Coal by 48.5% in 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 bought a new stake in Warrior Met Coal in the second quarter valued at approximately $82,000. KBC Group NV lifted its position in shares of Warrior Met Coal by 29.7% in the third quarter. KBC Group NV now owns 1,711 shares of the company’s stock valued at $109,000 after buying an additional 392 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Warrior Met Coal by 34.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company’s stock worth $145,000 after acquiring an additional 599 shares during the period. Finally, Innealta Capital LLC acquired a new position in shares of Warrior Met Coal during the 2nd quarter worth approximately $160,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Trading Down 3.3 %

Shares of NYSE:HCC opened at $61.59 on Friday. The stock has a market cap of $3.22 billion, a PE ratio of 8.51 and a beta of 1.03. 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 12-month low of $50.60 and a 12-month high of $75.53. The business has a 50 day moving average of $65.91 and a 200-day moving average of $64.07.

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

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were paid a $0.08 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price target on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Warrior Met Coal has an average rating of “Hold” and an average price target of $75.75.

Warrior Met Coal 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.