Warrior Met Coal, Inc. (NYSE:HCC) Shares Acquired by Merewether Investment Management LP

Merewether Investment Management LP lifted its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 441.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 793,300 shares of the company's stock after purchasing an additional 646,900 shares during the period. Warrior Met Coal comprises about 2.3% of Merewether Investment Management LP's investment portfolio, making the stock its 17th biggest holding. Merewether Investment Management LP owned about 1.52% of Warrior Met Coal worth $50,692,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position 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 worth $32,000 after purchasing an additional 144 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Warrior Met Coal by 48.5% during the third quarter. Blue Trust Inc. now owns 551 shares of the company's stock worth $35,000 after purchasing an additional 180 shares during the last quarter. Ausbil Investment Management Ltd bought a new position in shares of Warrior Met Coal during the second quarter worth about $82,000. KBC Group NV lifted its position 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 purchasing an additional 392 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position 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 purchasing an additional 599 shares during the last quarter. Institutional investors own 92.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Warrior Met Coal Stock Performance

NYSE HCC traded down $2.41 during trading hours on Wednesday, reaching $67.40. The company's stock had a trading volume of 539,010 shares, compared to its average volume of 760,162. 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 business has a 50-day simple moving average of $65.66 and a 200 day simple moving average of $64.16. Warrior Met Coal, Inc. has a 52 week low of $50.60 and a 52 week high of $75.53. The stock has a market cap of $3.53 billion, a PE ratio of 9.43 and a beta of 1.03.

Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, beating the consensus estimate 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 company had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same quarter last year, the business earned $1.85 earnings per share. Warrior Met Coal's revenue was down 22.6% compared to the same quarter last year. Equities research analysts predict 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. Shareholders 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 annualized dividend and a dividend yield of 0.47%. Warrior Met Coal's payout ratio is currently 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.