Franklin Resources Inc. Purchases 2,114 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Franklin Resources Inc. raised its position in Warrior Met Coal, Inc. (NYSE:HCC) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 61,209 shares of the company’s stock after acquiring an additional 2,114 shares during the period. Franklin Resources Inc.’s holdings in Warrior Met Coal were worth $3,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HCC. Tidal Investments LLC bought a new position in Warrior Met Coal in the 3rd quarter worth about $1,858,000. Sanctuary Advisors LLC increased its position in shares of Warrior Met Coal by 12.1% in the third quarter. Sanctuary Advisors LLC now owns 10,524 shares of the company’s stock worth $740,000 after purchasing an additional 1,137 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Warrior Met Coal in the third quarter worth approximately $966,000. Geode Capital Management LLC raised its stake in Warrior Met Coal by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock valued at $77,232,000 after purchasing an additional 13,650 shares in the last quarter. Finally, Vestcor Inc lifted its position in Warrior Met Coal by 250.7% during the third quarter. Vestcor Inc now owns 11,891 shares of the company’s stock valued at $760,000 after purchasing an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 1.0 %

Shares of HCC opened at $54.32 on Wednesday. The firm has a market cap of $2.84 billion, a P/E ratio of 7.50 and a beta of 1.03. Warrior Met Coal, Inc. has a 1 year low of $50.60 and a 1 year high of $75.53. The stock has a 50 day simple moving average of $64.99 and a two-hundred day simple moving average of $63.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67.

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

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 4.42%.

Wall Street Analyst Weigh In

Separately, B. Riley raised their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.