Principal Financial Group Inc. Has $16.92 Million Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Principal Financial Group Inc. lifted its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 311,937 shares of the company’s stock after buying an additional 13,629 shares during the quarter. Principal Financial Group Inc.’s holdings in Warrior Met Coal were worth $16,919,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HCC. Maple Rock Capital Partners Inc. increased its position in Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock worth $93,357,000 after buying an additional 963,892 shares during the last quarter. Merewether Investment Management LP increased its holdings in shares of Warrior Met Coal by 441.9% during the 3rd quarter. Merewether Investment Management LP now owns 793,300 shares of the company’s stock valued at $50,692,000 after acquiring an additional 646,900 shares during the last quarter. FMR LLC raised its stake in shares of Warrior Met Coal by 8.6% in the 3rd quarter. FMR LLC now owns 3,210,531 shares of the company’s stock valued at $205,153,000 after acquiring an additional 254,540 shares in the last quarter. Forest Avenue Capital Management LP lifted its holdings in Warrior Met Coal by 95.0% in the 3rd quarter. Forest Avenue Capital Management LP now owns 411,547 shares of the company’s stock worth $26,298,000 after purchasing an additional 200,533 shares during the last quarter. Finally, River Road Asset Management LLC boosted its position in Warrior Met Coal by 22.9% during the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after purchasing an additional 162,387 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Stock Up 2.7 %

HCC opened at $51.12 on Wednesday. Warrior Met Coal, Inc. has a 1-year low of $45.94 and a 1-year high of $75.53. The business has a 50 day moving average of $53.24 and a 200-day moving average of $59.16. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 10.67 and a beta of 1.07. The company has a current ratio of 5.20, a quick ratio of 3.99 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.34). Warrior Met Coal had a net margin of 16.43% and a return on equity of 12.56%. The company had revenue of $297.47 million for the quarter, compared to analyst estimates of $331.70 million. As a group, sell-side analysts anticipate that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 annualized dividend and a yield of 0.63%. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HCC shares. B. Riley dropped their price target on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group dropped their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and an average target price of $74.00.

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.