Empowered Funds LLC Boosts Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

Empowered Funds LLC increased its position in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 215,667 shares of the company's stock after acquiring an additional 8,802 shares during the period. Empowered Funds LLC owned about 0.41% of Warrior Met Coal worth $13,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HCC. UniSuper Management Pty Ltd purchased a new position in Warrior Met Coal in the 1st quarter worth about $604,000. Clearbridge Investments LLC purchased a new stake in Warrior Met Coal in the first quarter worth approximately $9,234,000. Edgestream Partners L.P. bought a new stake in Warrior Met Coal in the 1st quarter worth approximately $942,000. Magnetar Financial LLC purchased a new stake in Warrior Met Coal during the 1st quarter valued at $992,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Warrior Met Coal by 419.0% during the 1st quarter. SG Americas Securities LLC now owns 15,388 shares of the company's stock valued at $934,000 after buying an additional 12,423 shares during the period. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Stock Performance

Warrior Met Coal stock traded down $0.94 during trading on Friday, reaching $65.53. The company had a trading volume of 576,871 shares, compared to its average volume of 769,659. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 9.18 and a beta of 1.02. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm's 50-day simple moving average is $61.64 and its 200 day simple moving average is $63.82. Warrior Met Coal, Inc. has a 52 week low of $50.12 and a 52 week high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.40 by $0.40. The firm had revenue of $327.72 million for the quarter, compared to the consensus estimate of $322.21 million. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The business's revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 earnings per share. Sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a $0.08 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. Warrior Met Coal's dividend payout ratio (DPR) is presently 4.42%.

Analyst Upgrades and Downgrades

A number of analysts recently 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 report on Thursday, October 31st. Benchmark reaffirmed a "hold" rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $75.75.

Warrior Met Coal 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.