Raymond James Financial Inc. Purchases Shares of 83,954 Warrior Met Coal, Inc. (NYSE:HCC)

Raymond James Financial Inc. acquired a new position in shares of Warrior Met Coal, Inc. (NYSE:HCC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 83,954 shares of the company’s stock, valued at approximately $4,554,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HCC. Intech Investment Management LLC boosted its holdings in Warrior Met Coal by 126.1% during the third quarter. Intech Investment Management LLC now owns 19,652 shares of the company’s stock worth $1,256,000 after buying an additional 10,959 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Warrior Met Coal by 61.4% during the 3rd quarter. Citigroup Inc. now owns 87,441 shares of the company’s stock worth $5,587,000 after acquiring an additional 33,272 shares in the last quarter. FMR LLC grew its position in shares of Warrior Met Coal by 8.6% during 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 during the period. Townsquare Capital LLC increased its stake in shares of Warrior Met Coal by 26.2% in the 3rd quarter. Townsquare Capital LLC now owns 4,375 shares of the company’s stock valued at $280,000 after purchasing an additional 907 shares in the last quarter. Finally, Cynosure Group LLC raised its holdings in Warrior Met Coal by 16.2% in the 3rd quarter. Cynosure Group LLC now owns 6,695 shares of the company’s stock worth $428,000 after purchasing an additional 933 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HCC shares. B. Riley dropped their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Finally, Jefferies Financial Group reduced their price objective on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Price Performance

NYSE:HCC opened at $48.90 on Wednesday. The stock has a 50 day moving average of $50.98 and a two-hundred day moving average of $57.72. Warrior Met Coal, Inc. has a 12 month low of $44.62 and a 12 month high of $75.53. The firm has a market cap of $2.57 billion, a P/E ratio of 10.21 and a beta of 1.10. 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The firm had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $331.70 million. On average, analysts expect that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 24th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Monday, February 24th. Warrior Met Coal’s dividend payout ratio (DPR) is 6.68%.

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.