Northern Trust Corp lifted its position in Warrior Met Coal Inc (NYSE:HCC) by 32.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 412,855 shares of the company’s stock after purchasing an additional 99,981 shares during the period. Northern Trust Corp owned about 0.78% of Warrior Met Coal worth $11,382,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Hartree Partners LP bought a new stake in Warrior Met Coal in the second quarter valued at $3,226,000. Bank of New York Mellon Corp boosted its holdings in Warrior Met Coal by 16.6% in the second quarter. Bank of New York Mellon Corp now owns 466,406 shares of the company’s stock valued at $12,859,000 after acquiring an additional 66,524 shares in the last quarter. Toronto Dominion Bank bought a new stake in Warrior Met Coal in the second quarter valued at $820,000. Rhumbline Advisers boosted its holdings in Warrior Met Coal by 10.2% in the second quarter. Rhumbline Advisers now owns 36,365 shares of the company’s stock valued at $1,003,000 after acquiring an additional 3,363 shares in the last quarter. Finally, Iridian Asset Management LLC CT boosted its holdings in Warrior Met Coal by 6.2% in the second quarter. Iridian Asset Management LLC CT now owns 83,271 shares of the company’s stock valued at $2,296,000 after acquiring an additional 4,874 shares in the last quarter.
Shares of HCC stock opened at $25.25 on Friday. Warrior Met Coal Inc has a 12 month low of $18.56 and a 12 month high of $33.72. The firm has a market cap of $1.37 billion, a PE ratio of 3.20 and a beta of 0.48. The company has a current ratio of 2.73, a quick ratio of 2.23 and a debt-to-equity ratio of 1.27.
Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, October 31st. The company reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.19). Warrior Met Coal had a net margin of 33.38% and a return on equity of 94.17%. The business had revenue of $273.30 million for the quarter, compared to the consensus estimate of $278.46 million. During the same quarter last year, the firm posted $2.27 EPS. The business’s quarterly revenue was down 12.4% on a year-over-year basis. As a group, analysts expect that Warrior Met Coal Inc will post 8.09 earnings per share for the current year.
The firm also recently announced 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Thursday, November 1st. Warrior Met Coal’s dividend payout ratio (DPR) is presently 2.53%.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Warrior Met Coal from a “sell” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, October 17th. Morgan Stanley lifted their price target on shares of Warrior Met Coal from $27.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, October 2nd. ValuEngine upgraded shares of Warrior Met Coal from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 26th. B. Riley lifted their price target on shares of Warrior Met Coal from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, September 19th. Finally, MKM Partners upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $31.00 to $37.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Warrior Met Coal has a consensus rating of “Buy” and a consensus target price of $31.75.
In other news, CEO Walter J. Scheller sold 34,250 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.32, for a total transaction of $935,710.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $27.29, for a total transaction of $272,900.00. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.
About Warrior Met Coal
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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