Polar Asset Management Partners Inc. Buys Shares of 38,200 Warrior Met Coal, Inc. (NYSE:HCC)

Polar Asset Management Partners Inc. acquired a new position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 38,200 shares of the company's stock, valued at approximately $2,441,000. Polar Asset Management Partners Inc. owned approximately 0.07% of Warrior Met Coal as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company's stock valued at $32,000 after acquiring an additional 144 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Warrior Met Coal by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 6,397 shares of the company's stock valued at $402,000 after purchasing an additional 277 shares during the period. Financial Strategies Group Inc. lifted its position in shares of Warrior Met Coal by 82.5% in the second quarter. Financial Strategies Group Inc. now owns 7,805 shares of the company's stock worth $536,000 after purchasing an additional 3,528 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Warrior Met Coal by 1.2% during the second quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company's stock worth $1,213,000 after purchasing an additional 231 shares during the period. Finally, Louisiana State Employees Retirement System grew its position in Warrior Met Coal by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the company's stock valued at $1,651,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 92.28% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $75.75.

Warrior Met Coal Trading Down 4.4 %

NYSE:HCC traded down $2.95 during trading hours on Friday, hitting $63.69. 546,950 shares of the stock were exchanged, compared to its average volume of 757,927. The company's 50 day moving average is $65.90 and its two-hundred day moving average is $64.19. The company has a market capitalization of $3.33 billion, a P/E ratio of 9.21 and a beta of 1.03. Warrior Met Coal, Inc. has a twelve month low of $50.60 and a twelve month high of $75.53. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings data 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 net margin of 23.77% and a return on equity of 19.00%. The firm had revenue of $327.72 million for the quarter, compared to analysts' expectations of $322.21 million. During the same period last year, the firm earned $1.85 earnings per share. The business's revenue for the quarter was down 22.6% on a year-over-year basis. On average, sell-side analysts anticipate 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 given 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 0.50%. Warrior Met Coal's dividend payout ratio is 4.42%.

About Warrior Met Coal

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.