Swiss National Bank purchased a new stake in Warrior Met Coal Inc (NYSE:HCC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 59,200 shares of the company’s stock, valued at approximately $1,489,000. Swiss National Bank owned 0.11% of Warrior Met Coal as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $135,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Warrior Met Coal in the second quarter valued at approximately $219,000. Royal Bank of Canada purchased a new stake in shares of Warrior Met Coal in the second quarter valued at approximately $228,000. Invictus RG purchased a new stake in shares of Warrior Met Coal in the third quarter valued at approximately $257,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Warrior Met Coal in the fourth quarter valued at approximately $286,000.
In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $30.98, for a total transaction of $619,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian M. Chopin sold 21,106 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $31.84, for a total value of $672,015.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,097 shares of company stock valued at $4,461,619.
Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, February 14th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.16. The company had revenue of $239.80 million during the quarter, compared to analyst estimates of $227.72 million. Warrior Met Coal had a return on equity of 61.78% and a net margin of 38.92%. equities analysts forecast that Warrior Met Coal Inc will post 5.17 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 23rd were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, February 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.69%. Warrior Met Coal’s dividend payout ratio is currently 2.32%.
HCC has been the subject of a number of research reports. Zacks Investment Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 15th. Royal Bank of Canada lowered Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 price target for the company. in a report on Monday, December 4th. ValuEngine upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Macquarie upgraded Warrior Met Coal from an “underperform” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, B. Riley reiterated a “hold” rating and issued a $28.00 price target on shares of Warrior Met Coal in a report on Wednesday, January 17th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.58.
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Warrior Met Coal Profile
Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.
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