Chicago Equity Partners LLC lifted its stake in Warrior Met Coal Inc (NYSE:HCC) by 1,003.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,955 shares of the company’s stock after purchasing an additional 119,090 shares during the period. Chicago Equity Partners LLC owned approximately 0.25% of Warrior Met Coal worth $3,541,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sun Life Financial INC acquired a new position in Warrior Met Coal during the second quarter worth about $211,000. Quantitative Systematic Strategies LLC acquired a new position in Warrior Met Coal during the second quarter worth about $217,000. Bowling Portfolio Management LLC acquired a new position in Warrior Met Coal during the second quarter worth about $221,000. NumerixS Investment Technologies Inc acquired a new position in Warrior Met Coal during the second quarter worth about $225,000. Finally, United Services Automobile Association acquired a new position in Warrior Met Coal during the second quarter worth about $256,000.
A number of equities analysts have issued reports on HCC shares. Zacks Investment Research cut shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Citigroup cut their target price on shares of Warrior Met Coal from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. ValuEngine cut shares of Warrior Met Coal from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Royal Bank of Canada set a $34.00 target price on shares of Warrior Met Coal and gave the stock a “hold” rating in a research report on Thursday, August 2nd. Finally, Morgan Stanley lifted their target price on shares of Warrior Met Coal from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.75.
In other news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $27.29, for a total transaction of $272,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 34,250 shares of Warrior Met Coal stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $27.32, for a total transaction of $935,710.00. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
Shares of NYSE HCC opened at $25.25 on Friday. The stock has a market cap of $1.36 billion, a PE ratio of 3.20 and a beta of 0.48. Warrior Met Coal Inc has a 12 month low of $18.56 and a 12 month high of $33.72. The company has a quick ratio of 2.23, a current ratio of 2.73 and a debt-to-equity ratio of 1.27.
Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The firm had revenue of $273.30 million for the quarter, compared to analysts’ expectations of $278.46 million. Warrior Met Coal had a return on equity of 94.17% and a net margin of 33.38%. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 earnings per share. On average, research analysts predict that Warrior Met Coal Inc will post 7.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Friday, November 2nd were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, November 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 2.53%.
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Warrior Met Coal Company Profile
Warrior Met Coal, Inc produces and exports 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.
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