Fmr LLC Increases Stock Position in Warrior Met Coal, Inc. (NYSE:HCC)

Fmr LLC grew its position in Warrior Met Coal, Inc. (NYSE:HCC) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,210,531 shares of the company’s stock after acquiring an additional 254,540 shares during the period. Fmr LLC owned about 0.06% of Warrior Met Coal worth $205,153,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares during the period. Blue Trust Inc. raised its stake in shares of Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after buying an additional 180 shares during the period. Ausbil Investment Management Ltd purchased a new position in shares of Warrior Met Coal during the 2nd quarter valued at approximately $82,000. KBC Group NV grew its stake 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 acquiring an additional 392 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Warrior Met Coal by 34.9% in 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 in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on HCC shares. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley lifted their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $75.75.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $69.27 on Tuesday. The company has a market cap of $3.62 billion, a P/E ratio of 9.46 and a beta of 1.02. Warrior Met Coal, Inc. has a twelve month low of $50.60 and a twelve month high of $75.53. The company’s 50-day moving average price is $65.18 and its 200-day moving average price is $64.08. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $327.72 million during the quarter, compared to analyst estimates of $322.21 million. During the same period in the prior year, the business earned $1.85 earnings per share. The business’s revenue was down 22.6% compared to the same quarter last year. On average, sell-side 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 company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

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.