Warrior Met Coal, Inc. (NYSE:HCC) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 61.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,441 shares of the company's stock after buying an additional 33,272 shares during the quarter. Citigroup Inc. owned approximately 0.17% of Warrior Met Coal worth $5,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HCC. GAMMA Investing LLC raised its position in Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company's stock valued at $32,000 after purchasing an additional 144 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after buying an additional 180 shares during the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of Warrior Met Coal during the second quarter worth about $82,000. KBC Group NV boosted its stake in shares of Warrior Met Coal by 29.7% during the third quarter. KBC Group NV now owns 1,711 shares of the company's stock worth $109,000 after buying an additional 392 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Warrior Met Coal by 34.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company's stock worth $145,000 after buying an additional 599 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Warrior Met Coal Stock Performance

NYSE HCC traded down $1.05 on Monday, hitting $69.27. 525,473 shares of the company's stock were exchanged, compared to its average volume of 762,342. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 9.46 and a beta of 1.02. The firm's 50-day moving average price is $65.18 and its two-hundred day moving average price is $64.08. Warrior Met Coal, Inc. has a fifty-two week low of $50.60 and a fifty-two week high of $75.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced 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 net margin of 23.77% and a return on equity of 19.00%. The business had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. During the same quarter last year, the firm posted $1.85 EPS. The business's revenue was down 22.6% compared to the same quarter last year. On average, research analysts expect that Warrior Met Coal, Inc. will post 5.62 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal's 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.