Janney Montgomery Scott LLC trimmed its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,511 shares of the company's stock after selling 5,470 shares during the quarter. Janney Montgomery Scott LLC owned about 0.12% of Warrior Met Coal worth $3,391,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in HCC. Sei Investments Co. lifted its holdings in shares of Warrior Met Coal by 56.1% in the second quarter. Sei Investments Co. now owns 36,223 shares of the company's stock valued at $2,274,000 after buying an additional 13,021 shares during the period. Marshall Wace LLP acquired a new stake in Warrior Met Coal in the 2nd quarter valued at about $421,000. Mackenzie Financial Corp bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $203,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $270,000. Finally, Creative Planning grew its stake in shares of Warrior Met Coal by 19.2% in the 2nd quarter. Creative Planning now owns 20,362 shares of the company's stock worth $1,278,000 after purchasing an additional 3,284 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.
Warrior Met Coal Trading Up 2.4 %
Shares of HCC traded up $1.22 during midday trading on Tuesday, hitting $52.90. The stock had a trading volume of 498,335 shares, compared to its average volume of 659,064. Warrior Met Coal, Inc. has a fifty-two week low of $49.97 and a fifty-two week high of $75.53. The business has a 50-day simple moving average of $57.55 and a two-hundred day simple moving average of $60.62. 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 has a market cap of $2.77 billion, a P/E ratio of 7.31 and a beta of 1.07.
Analysts Set New Price Targets
HCC has been the subject of several recent research reports. Jefferies Financial Group cut their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a "buy" rating for the company in a research note on Monday, January 6th. B. Riley raised their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.00.
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About Warrior Met Coal
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Free Report)
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.
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